Income/Poverty – Fast Facts

All health care fast facts are from the non-partisan Congressional Budget Office (CBO) and Center for Medicare and Medicaid Services (CMS). Although they represent some of their most recent reports on this subject, they do not represent all of their reports on this subject. Occasionally minor word adjustments may have been made for clarity or to reflect the updated nature of the statement. As always, verify and view statements in their full context as often as possible.

From March 1970 to March 1979, there was a substantial increase in the proportion of families maintained by a female householder with no husband (from 11 to 15 percent).  There was also an increase (from 28 to 30 percent) in the proportion of families maintained by persons under 35 years of age.  These changes have exerted a downward influence on overall median income as families maintained by women and younger persons tend to have lower incomes.  Verify at Page 1
The government provides resources to households through cash and noncash programs.  These programs may be open to all or limited to those with incomes below set amountsVerify at Page 1
In 2000, Hispanic and Black households hit new all-time highs in median income; and the median income of White non-Hispanic and Asian and Pacific Islander households equaled their highest levels ever recorded.  Verify at Page 1
There has been no significant change in the relative distribution of income over the 1959 to 1966 period.   Verify at Page 2
Over the course of the 7-year period from 1959 to 1966, the number of persons below the poverty line was reduced from 39 million to 30 million.  Verify at Page 1
White families had a median income of $18,370 in 178, an increase of 2 percent in real terms.  The 1978 median income for Black families (10,880) represented an increase of about 6 percent.  The increase in real median income of Black families between 1977 and 1978 is related to the 8-percent increase in real median income experienced by Black husband-wife families.  Verify at Page 1
The 1978 median income of Spanish families ($12,570) was not statistically different than their 1977 median in real terms.  Verify at Page 1
The median income of the Nation’s families went above $10,000 in 1971 for the first time in U.S. history.  However, because of price increases, the 1971 median income was about the same as the 1970 median income in terms of constant dollars.  Verify at Page 1
Because government transfers and federal taxes are both progressive, the distribution of after-transfer, after-federal-tax household income is more equal than is the distribution of market income. (Market income is income measured before government transfer and taxes)Verify at Page 4
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