The rising tide didn’t lift all boats. Posted bydatingjesus September 19, 2016September 18, 2016 5 Comments on The rising tide didn’t lift all boats. I wrote this for The Hill. Share this:TwitterFacebookLike this:Like Loading... Published by datingjesus Just another one of God's children. View more posts
The State and Local Estimates from the American Community Survey supplements to the main Census report can be found here (summary) and here (ACS press kit links to all sorts of detailed data graphically represented).
I also think it’s a good idea to remember the pitiful numbers of the official poverty thresholds employed by the Census.
And it’s also good to keep in mind that the Supplemental Poverty Measure. “an effort to take into account many of the government programs designed to assist low-income families and individuals that were not included in the current official poverty measure,” shows no statistically significant change, (15.3%).
And then there’s the inequality index. I’ve already mentioned that. I know. But if you look at income distribution, it’s clear where the lion’s share of the economic gains are concentrated. This is not a good thing.
So it’s good news, but only if you perch fairly high on the tree.
I think there’s good news in that things didn’t get much worse…generally…depending, of course, on who you are, how old you are, and where you’re located. But I would stop short of the cork popping…for now anyway.
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