Categorized | Money

America’s Financial Average: The State Of Health, Wealth, And Success In The Land Of Opportunity

This is a follow up to my earlier post, titled “One In Eight Americans Lives In Poverty.” The source for all data cited is Income, Poverty, and Health Insurance Coverage in the United States: 2004, U.S. Commerce Department, August 30, 2005. (PDF)

  1. The median family’s household income is $44,389. This dropped 0.2% from 2003 to 2004.
  2. Per-capita income is $23,848. This dropped 0.2% from 2003 to 2004.
  3. The typical African-American earns one third less than the average in America; their $16,035 median income is only 67% of the $23,848 that the average American earns.
  4. The typical Hispanic earns 41% less than the average person in America. Their $14,106 median income is only 59% of what the average American earns.
  5. 37,000,000, or 12.7% of the population, is considered in poverty. This is up 0.2% from 2003.
  6. 45,800,000 people have no health care and therefore may not get medical assistance when needed. Of this, 800,000 (1.78%) lost health care between 2003 and 2004.
  7. One in nine children under the age of 18 does not have health insurance coverage. This totals 8,300,000, or 11.2% of all children.
  8. According to the report, “the likelihood of being covered by health insurance rises with income.”
  9. 24.7% of African-Americans live in poverty. 21.9% of Hispanics live in poverty.
  10. The number of people in poverty has increased from 31,600,000 in 2000 to 37,000,000 in 2004.
  11. In 2004, 17.8% of all children under 18 years old lived in poverty.
  12. The average real median household income dropped 4.7% in Georgia between 2002/2003 and 2003/2004. In Idaho, it increased 5.8%.
  13. In 2003-2004, 15.7% of all Americans did not have health insurance. In Texas, this was nearly 25%. In Minnesota, it is less than 9%.

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This article was written by:

Alexander - who has written 381 posts on Wealth Junkies.

Alexander is an entrepreneur, stock investor, internet marketer, computer programmer, blogger - and the editor of Wealth Junkies. Follow him on Twitter.

2 Comments For This Post

  1. California Health Insurance says:

    I agree many live in poverty and need to work on recieving health insurance. Health insurance can be a major aspect to many lives.

  2. jack says:

    Could it be that most of those numbers are coming from illegal aliens in this country?

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