Poverty Bytes: The Middle Takes a Hit in 2008: Census Bureau Report Shows Widespread Declines in Income and Health Insurance Coverage Share Share
Nearly every demographic group and region tracked in the Census report experienced significant income declines, and no group experienced significant income gains.
By Shawn Fremstad
September 10, 2009
Today the Census Bureau released a report on the trends in income, including poverty, and health insurance between 2007 and 2008. The report shows that working-class and middle-class families were particularly hard hit by the recession that began in December 2007. The decline in real median income between 2007 and 2008 is the largest single-year decline in the 40 years of household median income data on record and the 60 years of family median income data on record.
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