I give the USA Today credit for begrudgingly reporting this: Despite an economy starting to wobble,
incomes were up and more people had health insurance last year, the
Census Bureau reported Tuesday. Income inequality even shrank a bit... The Census reported: •Income.
Median household income rose to $50,233 in 2007 after adjusting for
inflation. That's $665 more than a year earlier but still below the
peak of 1999. Income in black households rose for the first time since
1999. •Poverty. The poverty rate remained stable at 12.5% of households. •Equality. The
top one-fifth of households took home slightly less of the nation's
income in 2007. The middle and lower-middle class gained the most. •Insurance.
The number of people without health insurance dropped 1.3 million to
45.7 million. The uninsured fell to 15.3% from 15.8%. The primary
reason for decline: More people, especially children, are covered by
government-sponsored insurance.
Starting to wobble? Haven't they been telling us that our economy is collapsing and has been for a long time now? Anyways..
The rest of the article spends much time noting that (as always) things will be much worse this year.


Recent Comments