Inco come an and P Poverty: ty: 2018 2018 September 2019 URL: - PowerPoint PPT Presentation

Inco come an and P Poverty: ty: 2018 2018 September 2019 URL: http://www.census.gov/newsroom/press- kits/2019/income_poverty.html

Pr Present nter Trudi J. Renwick Assistant Division Chief, Economic Characteristics Social, Economic, and Housing Statistics Division

Highlights ts Median household income was $63,200 in 2018, not • statistically different from the 2017 median. The 2018 real median earnings of men ($55,300) and • women ($45,100) who worked full-time, year-round increased 3.4 percent and 3.3 percent, respectively, between 2017 and 2018. The number of full-time, year-round workers • increased by 2.3 million, between 2017 and 2018. The number of men and women full-time, year- round workers increased by about 700,000 and 1.6 million, respectively. Income rounded to nearest $100. Source: U.S. Census Bureau, Current Population Survey, 2018 and 2019 Annual Social I&P-1 and Economic Supplements.

Real M Median an Ho House sehold Income: e: 1 196 967 t to 2 201 018 Income in thousands (2018 dollars) Recession 100 90 80 70 $63,200 60 50 $47,100 40 30 20 10 0 1967 1975 1980 1985 1990 1995 2000 2005 2010 2013 2018 Note: The data for 2017 and beyond reflect the implementation of an updated CPS ASEC processing system. The data for 2013 and beyond reflect the implementation of the redesigned income questions. Income rounded to I&P-2 nearest $100. Source: U.S. Census Bureau, Current Population Survey, 1968 to 2019 Annual Social and Economic Supplements.

Real M Median an Ho House sehold Income: e: 1 196 967 t to 2 201 018 Income in thousands (2018 dollars) Recession 100 90 80 70 Red edesi esigned ed m median $63,200 60 50 Updated Traditional m median $47,100 40 processing g med edia ian 30 20 10 0 1967 1975 1980 1985 1990 1995 2000 2005 2010 2013 2018 Note: The data for 2017 and beyond reflect the implementation of an updated CPS ASEC processing system. The data for 2013 and beyond reflect the implementation of the redesigned income questions. Income rounded to I&P-3 nearest $100. Source: U.S. Census Bureau, Current Population Survey, 1968 to 2019 Annual Social and Economic Supplements.

Red edesi signed ed Ho House sehold I Income C Com ompar arison son: 1 199 999 to to 2018 18 Income in thousands (2018 dollars) Recession 70 65 $63,200 $63,200 $62,700 Adj djust sted ed m median Red edesi esigned ed m median Updated 60 processing g med edia ian Traditional m median 55 50 1999 2007 2013 2018 Note: The data for 2017 and beyond reflect the implementation of an updated CPS ASEC processing system. The data for 2013 and beyond reflect the implementation of the redesigned income questions. Income rounded to I&P-4 nearest $100. Source: U.S. Census Bureau, Current Population Survey, 2000 to 2019 Annual Social and Economic Supplements.

Rea eal Median an Ho House sehold I Income b e by Rac Race and Hi Hispan anic Origin o of Ho House seholder er: 1 196 967 t to 2018 Income in thousands (2018 dollars) Recession 100 90 $87,200 200 80 Asian $68,300 300 $70,600 70 $55,500 500 60 Non-Hispanic W No White $51,500 50 His ispanic ic ( (an any rac ace) $41,300 $41,400 40 30 Black $28,500 500 20 10 0 1967 1975 1980 1985 1990 1995 2000 2005 2010 2013 2018 Note: The data for 2017 and beyond reflect the implementation of an updated CPS ASEC processing system. The data for 2013 and beyond reflect the implementation of the redesigned income questions. Income rounded to I&P-5 nearest $100. Source: U.S. Census Bureau, Current Population Survey, 1968 to 2019 Annual Social and Economic Supplements.

Shar ares es of Aggreg egate Hou e Househ ehol old I Income b e by Quintile: e: 2018 18 Percent of aggregate income All Households 100 Hig ighest q quintile ile 90 20% 80 52.0 Fourth th q quinti tile 70 20% 60 20% 50 Third q quinti tile 40 22.6 20% 30 Second quinti tile 20 14.1 20% 10 Lowest q quinti tile 8.3 3.1 3. 0 Source: U.S. Census Bureau, Current Population Survey, 2019 Annual Social and Economic Supplements. I&P-6

Shar ares es of Aggreg egate Hou e Househ ehol old I Income b e by Quintile: e: 2018 18 Percent of aggregate income 100 Top 5 To 5% 90 23.1 23.1 23.1 80 52.0 70 60 50 Highest quintile 40 22.6 Fourth quintile 30 Third quintile 20 14.1 Second quintile 10 8.3 Lowest quintile 3. 3.1 0 Source: U.S. Census Bureau, Current Population Survey, 2019 Annual Social and Economic Supplements. I&P-7

Gini I Inde ndex x of of Mon oney I y Inc ncome: 1 1967 t to o 2018 18 Recession 0.600 0.550 0.500 0.486 Gini index 0.450 0.397 0.400 0.350 0.300 1967 1975 1980 1985 1990 1995 2000 2005 2010 2013 2018 Note: The data for 2017 and beyond reflect the implementation of an updated CPS ASEC processing system. The data for 2013 and beyond reflect the implementation of the redesigned income questions. In 1993, there was a I&P-8 change in data collection methodology. Source: U.S. Census Bureau, Current Population Survey, 1968 to 2019 Annual Social and Economic Supplements.

Rea eal M Med edian Earnings: s: 1960 t 60 to 2018 18 Total workers Full-time, year-round workers Earnings in thousands (2018 dollars) Recession 60 Male ales $55,300 $46,700 Male ales $45,100 40 Females es $32,700 Females es 20 0 1960 1970 1980 1990 2000 2010 2018 1960 1970 1980 1990 2000 2010 2018 Note: The data for 2017 and beyond reflect the implementation of an updated CPS ASEC processing system. The data for 2013 and beyond reflect the implementation of the redesigned income questions. Earnings rounded to I&P-9 nearest $100. Workers aged 15 and older. Source: U.S. Census Bureau, Current Population Survey, 1961 to 2019 Annual Social and Economic Supplements.

Fe Female-to-Mal ale E Earnings Ra gs Ratio: 1 1960 t to o 2018 18 (Full-time, year-round workers, aged 15 and older) Ratio in percent Recession 100 90 81.6% 80 Fem emale le-to to-ma male earnin ear ings r s ratio io 70 60.7% 60 50 40 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2018 Note: The data for 2017 and beyond reflect the implementation of an updated CPS ASEC processing system. The data for 2013 and beyond reflect the implementation of the redesigned income questions. Workers aged 15 and I&P-10 older. Source: U.S. Census Bureau, Current Population Survey, 1961 to 2019 Annual Social and Economic Supplements.

Wor orker ers w s with E Earnings b gs by Sex: 1 1967 t 67 to 2018 Total workers Full-time, year-round workers Recession Numbers in millions 100 90 88.1 milli llion 80 79.4 milli llion Male ales 70 67.2 m million 60 Females es Male ales 50.8 milli llion 50 40 30 Females es 20 10 0 1967 1980 1990 2000 2010 2018 1967 1980 1990 2000 2010 2018 Note: The data for 2017 and beyond reflect the implementation of an updated CPS ASEC processing system. The data for 2013 and beyond reflect the implementation of the redesigned income questions. Workers aged 15 and I&P-11 older. Source: U.S. Census Bureau, Current Population Survey, 1968 to 2019 Annual Social and Economic Supplements.

Povert rty Rate and N and Numbe ber i r in n Poverty: y: 1959 t 59 to 2018 Recession Percent 25 20 22.4% Pov overty r y rate 15 11.8% 10 5 0 Numbers in millions 50 45 Number i in p poverty ty 40 38.1 39.5 35 millio llion millio llion 30 25 20 1959 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2018 Note: The data for 2017 and beyond reflect the implementation of an updated CPS ASEC processing system. The data for 2013 and beyond reflect the implementation of the redesigned income questions. I&P-12 Source: U.S. Census Bureau, Current Population Survey, 1960 to 2019 Annual Social and Economic Supplements.

Pover erty Ra Rates es by Rac Race a and Hi Hispan anic Origin: n: 1 1959 t 59 to 2018 18 Percent Recession 70 60 55.1% 50 40 Black 30 His ispanic ic ( (an any race) 22.8% 20.8% 20 Asian 17.6% 16.1% 10.1% 10 7.5% 8.1% Non-Hispanic W White 0 1959 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2018 Note: The data for 2017 and beyond reflect the implementation of an updated CPS ASEC processing system. The data for 2013 and beyond reflect the implementation of the redesigned income questions. I&P-13 Source: U.S. Census Bureau, Current Population Survey, 1960 to 2019 Annual Social and Economic Supplements.

Povert rty Rates b by Ag Age: 1 1959 t to o 2018 18 Percent Recession 50 45 40 35.2% 35 30 27.3% Aged 6 65 a and older er 25 Under ag age 18 e 18 20 17.0% 16.2% 15 10.7% 10 9.7% Aged ed 1 18 to to 64 5 0 1959 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2018 Note: The data for 2017 and beyond reflect the implementation of an updated CPS ASEC processing system. The data for 2013 and beyond reflect the implementation of the redesigned income questions. Data for people aged I&P-14 18 to 64 and 65 and older are not available from 1960 to 1965. Source: U.S. Census Bureau, Current Population Survey, 1960 to 2019 Annual Social and Economic Supplements.