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Income, Poverty, and Health Insurance Coverage ... - Census Bureau

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Table 2.<br />

Change in Real Median <strong>Income</strong> <strong>and</strong> Earnings, Number of Workers, <strong>and</strong> Percentage of Full-Time,<br />

Year-Round Workers During <strong>Income</strong> Years Surrounding Recessions by Sex: 1969 to 2009<br />

(<strong>Income</strong> <strong>and</strong> earnings in 2009 dollars Information for people 15 years <strong>and</strong> older beginning with 1980 <strong>and</strong> people 14 years <strong>and</strong> older for previous years<br />

Before 1989, earnings are for civilian workers only For information on confidentiality protection, sampling error, nonsampling error, <strong>and</strong> definitions, see<br />

www.census.gov/apsd/techdoc/cps/cpsmar10.pdf)<br />

Recessions 1<br />

<strong>Income</strong><br />

years<br />

Per-<br />

centage<br />

change<br />

in real<br />

median<br />

household<br />

income<br />

Change in<br />

number of<br />

workers with<br />

earnings<br />

(in thous<strong>and</strong>s)<br />

Change in<br />

number of<br />

full-time, yearround<br />

workers<br />

with earnings<br />

(in thous<strong>and</strong>s)<br />

Percentagepoint<br />

change in<br />

the percentage<br />

of full-time,<br />

year-round<br />

workers<br />

with earnings<br />

Percentage<br />

change in<br />

median<br />

earnings of<br />

all workers<br />

Percentage<br />

change in<br />

median<br />

earnings of<br />

full-time, yearround<br />

workers<br />

Male Female Male Female Male Female Male Female Male Female<br />

December 2007, trough not yet<br />

defined 2007 to 2009 *–42 *–2,548 *–1,323 *–6,931 *–2,396 *–61 *–22 *–41 *–28 *10 –01<br />

March 2001 to November 2001 1999 to 2002 * –35 * 1,178 358 462 * 1,005 –05 * 11 * –26 * 76 04 * 63<br />

July 1990 to March 1991 1989 to 1991<br />

January 1980 to July 1980 <strong>and</strong> July<br />

*–42 –5 458 *–1,790 *1,096 *–25 *14 *–60 10 –10 07<br />

1981 to November 1982 1978 to 1983 *–60 *2,235 *4,710 492 *4,252 *–15 *42 *–101 *64 *–56 10<br />

November 1973 to March 1975 1973 to 1975 *–57 –170 *1,343 *–2,314 257 *–37 –07 *–64 16 *–42 –05<br />

December 1969 to November 1970 1969 to 1971<br />

* Statistically significant at the 90 percent confidence level<br />

*–17 *1,613 *748 –189 *628 *–22 08 *–22 *63 *15 *26<br />

1 Recessions are determined by the National <strong>Bureau</strong> of Economic Research, a private research organization<br />

Note: <strong>Income</strong> years are based on peak income year prior to or during the start of the recession <strong>and</strong> the trough income year near or after the end of the recession<br />

Source: US <strong>Census</strong> <strong>Bureau</strong>, Current Population Survey, 1970 to 2010 Annual Social <strong>and</strong> Economic Supplements<br />

• Both men <strong>and</strong> women, 15 years old 2008 <strong>and</strong> 2009. 7 The changes for defined, the 4.2 percent income<br />

<strong>and</strong> over, who worked full-time, non-Hispanic Whites, Blacks, <strong>and</strong> decline is: 10<br />

year-round experienced increases<br />

in real median earnings between<br />

2008 <strong>and</strong> 2009. The median earn-<br />

ings of men increased 2.0 percent,<br />

from $46,191 to $47,127; <strong>and</strong><br />

the earnings of women increased<br />

Asians were not statistically signifi-<br />

8<br />

cant (Table 1).<br />

Household <strong>Income</strong><br />

Real median household income was<br />

$49,777 in 2009, not statistically<br />

• Not statistically different from the<br />

declines in income for the years surrounding<br />

the two recessions lasting<br />

from March 2001 to November 2001<br />

<strong>and</strong> from July 1990 to March 1991.<br />

by 1.9 percent, from $35,609 to different from the 2008 median. • Larger than the 1.7 percent decline<br />

$36,278. 6 In 2009, the female-to- Since 2007, the year before the most for the income years surrounding<br />

male earnings ratio was 0.77, not recent recession, median household the December 1969 to November<br />

statistically different from the 2008 income has declined 4.2 percent 1970 recession. 11<br />

•<br />

ratio (Table 1 <strong>and</strong> Figure 2).<br />

The median earnings of all working<br />

males 15 years old <strong>and</strong> over was<br />

(from $51,965) <strong>and</strong> is 5.0 percent<br />

below the median household income<br />

peak ($52,388) that occurred in 1999<br />

(Tables 1, 2, <strong>and</strong> A-1).<br />

• Smaller than the declines for the<br />

income years surrounding the<br />

January 1980 to July 1980 <strong>and</strong> July<br />

9 $36,331 in 2009, not statistically<br />

different from their 2008 median,<br />

while the earnings of their female<br />

Though the<br />

trough of the recession that began<br />

in December 2007 has not yet been<br />

1981 to November 1982 combined<br />

recessions (6.0 percent) <strong>and</strong> the<br />

November 1973 to March 1975<br />

counterparts increased by 1.9 recession (5.7 percent) (Figure 1<br />

percent, from $25,553 to $26,030 <strong>and</strong> Tables 1, 2, <strong>and</strong> A-1). 12<br />

(Table A-4).<br />

7 The difference between the declines for the<br />

overall <strong>and</strong> White populations was not statisti-<br />

• Real per capita income declined by<br />

cally significant.<br />

8 Unlike medians, per capita <strong>and</strong> means are<br />

10 Recessions are determined by the National<br />

<strong>Bureau</strong> of Economic Research, a private research<br />

1.2 percent for the total population,<br />

1.3 percent for Whites, <strong>and</strong><br />

affected by extremely high <strong>and</strong> low incomes.<br />

9 The difference between the percentage<br />

declines of 2007 to 2009 <strong>and</strong> 1999 to 2009 in<br />

organization. See Appendix A for a list of peak<br />

<strong>and</strong> trough months.<br />

11 Discussion is limited to recessions occurring<br />

3.5 percent for Hispanics between median household income was not statistically<br />

significant. In addition, the difference between<br />

after 1967, the first year that household income<br />

estimates were derived from the CPS ASEC.<br />

the 1999 <strong>and</strong> 2007 medians is not statistically<br />

12 The difference between the declines in<br />

6 The difference between the percentage<br />

increases in the earnings of men <strong>and</strong> women was<br />

not statistically significant.<br />

significant. The median household income peak<br />

of $52,388 in 1999 <strong>and</strong> the $52,301 median<br />

household income in 2000 are not statistically<br />

different.<br />

income for the combined January 1980 to July<br />

1980 <strong>and</strong> July 1981 to November 1982 reces-<br />

sions <strong>and</strong> the November 1973 to March 1975<br />

recession was not statistically significant.<br />

U.S. <strong>Census</strong> <strong>Bureau</strong> <strong>Income</strong>, <strong>Poverty</strong>, <strong>and</strong> <strong>Health</strong> <strong>Insurance</strong> <strong>Coverage</strong> in the United States: 2009 7

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