What’s New: Census Bureau Statistics Show Income Decline

The annual report from the Census Bureau shows that median household income dropped 2.3% last year to $49,445. That reflects a 7.1% drop from 1999 income after adjusting for inflation.

The percentage of Americans living in poverty increased to 15.1%, with 22% of children living below the poverty line (set at $22,314 for a family of four in 2010).

Fewer Americans had health insurance coverage in 2010, with the uninsured rising to 16.3% from 13.1% in 2000.

One bright spot: Per capita net worth rose to $169,691 at the end of 2010, up from $147,889 in 2007.

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