Tag: inflation
The recently released Census publication Income, Poverty, and Health Insurance Coverage in the United States: 2010 revealed startling increases in poverty since the beginning of the Great Recession. The publication also contains fascinating information on the level and distribution of income. The numbers go to the heart of conversations about the “middle class” and t…
The brief’s key findings are: The Census Bureau just reported a big jump in the poverty rate in 2009. But poverty rates actually fell for those over 65 as: Social Security recipients got a large cost-of-living adjustment and a one-time stimulus payment; and the poverty threshold dipped due to lower inflation in 2009. This situation…