According to an article in the Journal Gazette: Indiana household income has taken a dive.
Hoosier income has dropped more than 5 percent since 2000, one of the largest declines in the nation, according to census figures released Tuesday.
With a median household income of $42,195, Indiana had the seventh-largest income decline among the states when adjusted for inflation, according to U.S. Census Bureau estimates. Mississippi had the biggest income dip at 12 percent.
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The figures are from the Census Bureau’s American Community Survey, which replaces the census long form. Along with the ACS, the bureau released its Current Population Survey, which reported that its two-year average for Indiana’s uninsured rose from 12.4 percent of the population (2001-02) to 14.2 percent (2003-2004), or about 872,000 people.
Nationwide, median household income remained unchanged between 2003 and 2004 at $44,389. More than half of the states in the Midwest had median household incomes below the U.S. median.
Meanwhile, the nation’s poverty rate rose from 12.5 percent in 2003 to 12.7 percent in 2004. Poverty rates for counties surveyed ranged from 2.6 percent in Johnson, Kan., to 43.6 percent in Hidalgo, Texas.
In addition, the percentage of the nation’s population without health insurance coverage remained stable, at 15.7 percent in 2004.
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