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Incomes and Poverty, 2014

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This WSJ editorial points to the median income levels for 2014 being 6.5% below the level in 2007, median income level declining in 2011 and 2012, stagnant in 2014, according to the Census Bureau, as a reason why there is so much economic anxiety for average Americans. The appeal of Sanders and Trump reflects this anxiety and anti-establishment feeling. The official poverty rate at 14.8%, means 46.7 million Americans are below the poverty line. About 34.5% of the people experienced 2 or more months below the poverty line in 2009-2012, showing how it is hitting the middle class.

U.S. income and poverty in 2014

09/17/2015

The median income in the U.S. was 6.5% below the level in 2007, according to the Census Bureau. It declined in 2011 and 2012 and was stagnant in 2014. About 14.8% of the population, or 46.7 million people, are below the poverty level. About 34.7% of the people in the U.S. have experienced income levels below the poverty level for 2 months or more between 2009-2012

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