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Where Will Poverty Go From Here?

September 17, 2010

As our analysis of the new poverty data for 2009 points out, poverty may be even higher in 2010 and 2011 than in 2009.

Looking at Today’s Poverty Numbers

September 16, 2010

The headline story in today’s Census Bureau report is the large jump in the poverty rate in 2009. But an exclusive Center on Budget and Policy Priorities analysis of the new survey data shows that unemployment insurance benefits — which expanded substantially last year in response to the increased need — kept 3.3 million people out of poverty in 2009.

Understanding This Thursday’s Census Report on Poverty

September 14, 2010

Here are three things to keep in mind in examining the official figures on poverty in 2009, which the Census Bureau will release on Thursday:

Top 1% Leaving Others in the Dust, Cont.

July 7, 2010

I recently wrote about new Congressional Budget Office data showing that over the past three decades, after-tax incomes jumped by a stunning 281 percent for the richest 1 percent of Americans, while rising just 25 percent and 16 percent for households in the middle and bottom of the income scale, respectively. The table gives the relevant dollar figures for different income groups. (All figures here are adjusted for inflation.)

Top 1% Leaving Others in the Dust

June 25, 2010

After-tax incomes nearly quadrupled for the top 1 percent of Americans in the last three decades, while barely rising among middle- and lower-income households, according to new data from the Congressional Budget Office. Here’s how different income groups did over that period: