Income, poverty and health insurance coverage in the United States remain constant from 2020 to 2021

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The US Census Bureau released figures this week (September 13, 2022) that show the actual median household income in 2021 was not statistically different from 2020. The official poverty rate of 11.6% was not either more statistically different between 2020 and 2021. The poverty measurement rate (MPR) in 2021 was 7.8%, a decrease of 1.4 percentage points compared to 2020. At the same time, the percentage of people benefiting from health insurance coverage for all or part of 2021 was 91.7% (compared to 91.4% in 2020). an estimated 8.3% of people, or 27.2 million, did not have health insurance at any time in 2021, according to the results of the annual social and economic supplement to the current population survey of 2022 ( CPS ASEC). This compares to around 8.6% of people, or 28.3 million, who did not have health insurance at any time in 2020.

The actual median household income was $70,784 in 2021, which is not statistically different from the 2020 estimate of $71,186. Income estimates are expressed in real dollars or 2021 dollars to reflect changes in the cost of living. Between 2020 and 2021, inflation increased by 4.7%; this is the largest annual increase in the cost of living adjustment since 1990. You can find a more in-depth analysis in our recent Random Samples Blog.

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