Tuesday, September 29, 2009
The Bronx remained the country’s poorest urban county; the income gap in Manhattan was still higher than in any other county; and the poverty rate in Connecticut rose faster than in any other state.
And the relatively positive part of the local economic picture was tempered by the fact that the latest census figures from the rolling American Community Survey captured only the start of the recession.
In New York City, the poverty rate in 2008 was 18.2 percent — the lowest this decade — compared with 18.5 percent in 2007. Median household income was unchanged, at $51,116, but median family income rose to $56,552 from $54,846.
Those figures masked vast disparities, though, based on race, ethnicity and geography.
In the Bronx, the median household income was $35,033, and nearly 28 percent of the borough’s residents — and 47 percent of its households headed by women with children — were living in poverty.
Citywide, the poverty rate for racial and ethnic groups stayed relatively unchanged in 2008 compared with the previous year: 11 percent for non-Hispanic whites, 17 percent for Asians, 21 percent for blacks and 26 percent for Hispanics.
The proportion of people receiving food stamps increased in New York State by about a percentage point, to 10.6 percent.
Wednesday, September 23, 2009
Tuesday, September 22, 2009
Sunday, September 20, 2009
Thursday, September 17, 2009
Wednesday, September 16, 2009
Friday, September 11, 2009
Thursday, September 10, 2009
Using data from the Congressional Budget Office (CBO) and others about the likely trajectory of the recession, we find that, absent other changes, the poverty rate will increase rapidly through 2011 or 2012, at which point about 14.4 percent of the country will be in poverty, up from 12.5 percent in 2007. As the recession ends and employment levels increase, the poverty rate will begin to steadily decrease though it will not, at least over the next decade or so, reach its 2007 level. In short, our results show that recessions can have long-term scarring effects for all workers but especially for the most disadvantaged, whose skills and attachment to the work force are already somewhat marginal. A prolonged lack of jobs reduces the amount of on-the-job training or experience that people receive, discourages them from making the effort needed to climb out of poverty, and can even lead to a deterioration in their health or family life that adversely affects opportunity.UPDATE:
Tuesday, September 08, 2009
Wednesday, September 02, 2009
- Budget of the U.S. Gov't, Updated Summary Tables (May 2009)
- U.S. Federal Budget, the Wiki
- Budget Explorer, with some simulations and budget-balancing exercises
- Introduction to the Federal Budget Process, from CBPP
- Treasure Trove of Tools to Understand the Federal Budget Process, from Congress Matters
- OMB, CBO, Recovery.gov (track A.R.R.A., the "stimulus bill")
Tuesday, September 01, 2009
From The Monkey Cage, where Andrew Gelman writes of these charts: "There are some differences between the different measures of ideology, but the take-home point for me is that the patterns are basically consistent: liberal Democrats by any measure are pretty well distributed across the income scale, and conservative Republicans are more concentrated among the upper incomes."