Friday, September 23, 2011

MassBudget: Three new fact sheets on health insurance, poverty and income





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New Census data on poverty rates, health care coverage and household income in Massachusetts

September 22, 2011



The U.S. Census Bureau today released its annual update of state-level poverty rates, household income and health care coverage from the American Community Survey (ACS).
  
The new data show that the overall poverty rate in Massachusetts, having been stable the past three years, showed a statistically significant increase from 10.3 percent in 2009 to 11.4 percent in 2010. The increase in Massachusetts is similar to the rise in poverty nationwide in 2010 -- the overall U.S. poverty rate rose from 14.3 percent in 2009 to 15.3 percent in 2010. The fact sheet 2010 Poverty Rate Increases in Both Massachusetts and Across the Country is available here.
  
Health insurance coverage in Massachusetts far surpasses coverage nationally and in all other states, detailed statistics released by the Census Bureau today confirm. These data are more detailed and precise than the estimates released earlier this month, and show that 96 percent of residents in the Commonwealth had health insurance coverage in 2010. The fact sheet Massachusetts Still Leads in Health Care Coverage is available here.
  
The new Census data show a statistically significant decline of $3,182 or 4.9 percent in median household income (adjusted to 2010 dollars). For the U.S. as a whole, the ACS data show a statistically significant decline of $1,144 or 2.2 percent (also adjusted to 2010 dollars). Since 2007 (in the final month of which, the nation officially fell into recession), median household income in Massachusetts dropped an inflation-adjusted $3,307 or 5.1 percent. During the same period, U.S. median household income fell $3,280 or 6.2 percent. The fact sheet Median Household Income Dropped in Massachusetts and the U.S. in 2010 is available here.
  
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MassBudget provides independent research and analysis of state budget and tax policies, as well as economic issues, with particular attention to the effects on low- and moderate-income people.


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