Archive | April, 2012

Dismal Stats on the State of the U.S. Economy

7 Apr

It’s by now common knowledge that economic inequality in the US has grown at breakneck speed since the 1960s. But the extent of the hardship many Americans face is pretty harrowing. Below is a round-up of stats that reveal the urgency of the problem.

When it comes to poverty, race and gender matter–by a lot.

  • In 2010, the poverty rates among blacks and Hispanics was nearly twice the rate among whites (15% vs. 27%–remember, this is defined as $22,350/year for a family of four and does not households considered to be “low-income.” The rate for Asians was 12%.)
  • Single mothers are the most likely of all groups to be poor. In 2010, 31.6% of female-headed households were in poverty

See our page on growing income gaps for a comparison on how the 1% have faired.