The other day AP published an article titled, “Census shows 1 in 2 people are poor or low-income,” which pointed to a US Census Bureau report showing that half of all households earn less than the median national income. Yes, you read that correctly.
The AP’s Hope Yen reported:
Squeezed by rising living costs, a record number of Americans — nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that classify them as low income.
The Census Bureau’s definition of a ‘low-income household’ is less than $45,000, as the AP’s Yen wrote:
Many middle-class Americans are dropping below the low-income threshold — roughly $45,000 for a family of four…
As we noted in a post on the AP ‘story,’ the US Census Bureau estimates that the median 2009 US household income was about $50,000.
So it seems the crux of the AP article can be accurately shortened to: Half of all households have an income below the median average!