Figures Say Things Look Good, But Don't Account For Slumping Economy
"Wages for working Americans increased, the number of people without health insurance decreased and the poverty rate was essentially unchanged in 2007, according to census figures released Tuesday."
"Experts cautioned, however, that the new data don't capture the effects of the economic slump that began late last year."
"In 2007, though, median household income rose by 1.3 percent, from $49,568 in 2006 to $50,233. The portion of Americans in poverty increased slightly, from 12.3 percent to 12.5 percent. The number without health coverage fell from 47 million in 2006 to 45.7 million last year. It was the first annual decline in the uninsured population since President Bush took office in 2001."