Income, Poverty, and Health Insurance Coverage: 2016 September 2017 - PowerPoint PPT Presentation

Income, Poverty, and Health Insurance Coverage: 2016 September 2017 URL: http://www.census.gov/newsroom/press- kits/2017/income_poverty.html

Presenters Host Michael C. Cook, Sr. Chief, Public Information Office Presenter David G. Waddington Chief, Social, Economic, and Housing Statistics Division

Resources for Today’s Webinar Go to www.census.gov and click on the slider at the top to access – • Today’s Webinar Presentation • News Release and Supporting Tables • Links to the Reports and Other Reference Pages • Links to Fact Sheets 3

Highlights • Median household income for the nation was $59,000 in 2016, an increase in real terms of 3.2 percent from the 2015 median of $57,200. • The official poverty rate in 2016 was 12.7 percent, down 0.8 percentage points from 2015. In 2016, there were 40.6 million people in poverty, 2.5 million fewer than in 2015. • The Supplemental Poverty Measure (SPM) rate in 2016 was 14.0 percent, 0.5 percentage points lower than the SPM estimate for 2015. • The percentage of people without health insurance coverage for the entire calendar year was 8.8 percent, or 28.1 million people. This was a decrease of 0.3 percentage points from 2015. Erratum Note: The U.S. Census Bureau identified an error in the input of Supplemental Poverty Measure thresholds for renters used in the 2016 Supplemental Poverty Measure data products. The base threshold should have been $26,104 and was erroneously entered as $26,014. This error affected the Supplemental Poverty Measure poverty status for 109 unweighted observations. As a result, the overall Supplemental Poverty Measure poverty rate was understated by 0.06 percentage points—13.91 in published tables compared to 13.97 percent. Corrected tables, research files, and a revised report will be available on our website. Income rounded to nearest $100. Source: U.S. Census Bureau, Current Population Survey, 2016 and 2017 Annual Social and Economic Supplements. 4

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Real Median Household Income: 1967 to 2016 Income in thousands (2016 dollars) Recession 100 90 80 70 60 $59,000 $44,900 50 40 30 20 10 0 1967 1975 1980 1985 1990 1995 2000 2005 2010 2016 Note: The data for 2013 and beyond reflect the implementation of the redesigned income questions. Income rounded to nearest $100. 6 Source: U.S. Census Bureau, Current Population Survey, 1968 to 2017 Annual Social and Economic Supplements.

Real Median Household Income by Age of Householder: 2015 and 2016 Income in thousands (2016 dollars) 2015 2016 100 90 +3.2% 80 +3.0% No significant 70 difference +4.9% 60 50 No significant +13.9% difference 40 30 20 10 0 15 to 24 years 25 to 34 years 35 to 44 years 45 to 54 years 55 to 64 years 65 years and older Source: U.S. Census Bureau, Current Population Survey, 2016 and 2017 Annual Social and Economic 7 Supplements.

Real Median Household Income by Race and Hispanic Origin of Householder: 1967 to 2016 Income in thousands (2016 dollars) Recession 100 90 $81,400 80 Asian $65,200 70 $65,000 60 $53,000 Non ‐ Hispanic White 50 $47,700 Hispanic (any race) $39,400 40 $39,500 30 $27,200 Black 20 10 0 1967 1975 1980 1985 1990 1995 2000 2005 2010 2016 Note: The data for 2013 and beyond reflect the implementation of the redesigned income questions. Income rounded to nearest $100. 8 Source: U.S. Census Bureau, Current Population Survey, 1968 to 2017 Annual Social and Economic Supplements.

Real Median Household Income by Region: 2015 and 2016 2015 2016 Income in thousands (2016 dollars) 80 No significant 70 difference +3.3% No significant +3.2% difference 60 +3.9% 50 40 30 20 10 0 U.S. Northeast Midwest South West Source: U.S. Census Bureau, Current Population Survey, 2016 and 2017 Annual Social and Economic 9 Supplements.

Real Household Income at Selected Percentiles: 1967 to 2016 Income in thousands (2016 dollars) Recession 240 $225,300 220 200 180 95th $170,500 160 90th $119,400 140 120 100 $94,500 80 50th (median) $59,000 60 $44,900 40 10th $10,200 20 $13,600 0 1967 1975 1980 1985 1990 1995 2000 2005 2010 2016 Note: The data for 2013 and beyond reflect the implementation of the redesigned income questions. Income rounded to nearest $100. 10 Source: U.S. Census Bureau, Current Population Survey, 1968 to 2017 Annual Social and Economic Supplements.

Gini Index of Money Income: 1967 to 2016 0.500 0.481 0.480 0.460 Gini Index 0.440 0.420 0.397 0.400 0.380 0.360 0.340 0.320 0.300 1967 1975 1980 1985 1990 1995 2000 2005 2010 2016 Note: The data for 2013 and beyond reflect the implementation of the redesigned income questions. In 1993 there was a change in data collection methodology. Source: U.S. Census Bureau, Current Population Survey, 1968 to 2017 Annual Social and Economic 11 Supplements.

Real Median Earnings and Female ‐ to ‐ Male Earnings Ratio: 1960 to 2016 (Full ‐ time, year ‐ round workers, aged 15 and older) Earnings in thousands (2016 dollars) Recession 60 Earnings of men $51,600 $38,100 40 $41,600 Earnings of women 20 $23,100 0 Percent 100 90 Female ‐ to ‐ male 80.5% 80 earnings ratio 70 60 60.7% 50 40 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2016 Note: The data for 2013 and beyond reflect the implementation of the redesigned income questions. Earnings rounded to nearest $100. 12 Source: U.S. Census Bureau, Current Population Survey, 1961 to 2017 Annual Social and Economic Supplements.

Total and Full ‐ Time, Year ‐ Round Workers with Earnings by Sex: 1967 to 2016 Recession Numbers in millions 100 90 86.9 million All male workers 80 77.7 million 70 All female 65.0 million 53.2 million 60 workers 50 48.3 million Males, full ‐ time 36.6 million 40 year ‐ round 34.4 million 30 Females, full ‐ time year ‐ round 20 14.8 million 10 0 1967 1975 1980 1985 1990 1995 2000 2005 2010 2016 Note: The data for 2013 and beyond reflect the implementation of the redesigned income questions. Source: U.S. Census Bureau, Current Population Survey, 1968 to 2017 Annual Social and Economic 13 Supplements.

Poverty Rate and Number in Poverty: 1959 to 2016 Percent Recession 25 20 Poverty rate 22.4% 15 12.7% 12.7% 10 5 0 Numbers in millions 50 45 Number in poverty 40.6 40 million 39.5 35 million 30 25 20 1959 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2016 Note: The data for 2013 and beyond reflect the implementation of the redesigned income questions. 14 Source: U.S. Census Bureau, Current Population Survey, 1960 to 2017 Annual Social and Economic Supplements.

Poverty Rates by Race and Hispanic Origin: 1959 to 2016 Recession Percent 70 60 55.1% 50 40 Black 30 22.0% 22.8% 20 Hispanic (any race) Asian 19.4% 16.1% 10.1% 10 8.8% 7.5% Non ‐ Hispanic White 0 1959 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2016 Note: The data for 2013 and beyond reflect the implementation of the redesigned income questions. Source: U.S. Census Bureau, Current Population Survey, 1960 to 2017 Annual Social and Economic 15 Supplements.

Poverty Rates by Age: 1959 to 2016 Recession Percent 50 45 40 35.2% 35 30 27.3% Aged 65 and older 25 Under age 18 20 17.0% 18.0% 15 11.6% 10 9.3% Aged 18 to 64 5 0 1959 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2016 Note: The data for 2013 and beyond reflect the implementation of the redesigned income questions. Data for people aged 18 to 64 and 65 and older are not available from 1960 to 1965. 16 Source: U.S. Census Bureau, Current Population Survey, 1960 to 2017 Annual Social and Economic Supplements.

Comparison of Female ‐ to ‐ Male Poverty Rates: 1966 and 2016 Percentage ‐ point difference (female minus male) 1966 2016 10 9 8.5 8 7 6 5 3.7 3.7 4 3.3 3.0 2.7 3 2 1.2 0.8 1 0 All People Under age 18 Aged 18 to 64 Aged 65 and older Source: U.S. Census Bureau, Current Population Survey, 1967 and 2017 Annual Social and 17 Economic Supplements.

Average Per Capita Income Deficit for Families and Unrelated Individuals in Poverty: 2016 2016 dollars 0 ‐ 1,000 ‐ 2,000 ‐ 3,000 ‐ $2,749 ‐ $3,031 ‐ $3,058 ‐ $3,313 ‐ 4,000 ‐ 5,000 ‐ 6,000 ‐ 7,000 ‐ $6,815 ‐ 8,000 All families Married ‐ couple Families with a Families with a Unrelated families female male householder individuals householder Source: U.S. Census Bureau, Current Population Survey, 2017 Annual Social and Economic 18 Supplement.

People with Income at Various Levels of Poverty: 2016 Percent 100 90 Income from 50 80 percent to below 100 percent of 70 poverty 60 61.3% 50% to 99% of poverty threshold 54.4% 50 40 30 Income below 50 percent of 20 45.6% 38.7% Below 50% of poverty threshold 45.6% poverty Income below 10 Income below 12.7% 100 percent 50 percent of 5.8% of poverty 0 poverty All People All People People in poverty Source: U.S. Census Bureau, Current Population Survey, 2017 Annual Social and Economic 19 Supplement.