The US Census Bureau said on Tuesday that the country’s median household income increased by nearly 7% between 2018 and 2019, surpassing a record high of $ 68,700. On the other hand, the poverty rate of the country was slightly below 1%.
Bureau officials pointed out that 2019 data do not reflect the impact of COVID-19, which had a serious impact on New York in March, or the recession that hit the country in February.
“These statistics are now historically interesting because the situation is so different,” said John Rizzo, a professor at Stonabrook University and chief economist at the Long Island Association, the region’s largest business group. Told.
David Waddington, head of the Census Bureau’s Department of Social, Economic and Housing Statistics, said the survey from which economic data came from was affected by “an extraordinary pandemic challenge” and showed lower than usual response rates. Said that. He said the interview was canceled to protect the census and respondents. The bureau was in the process of analyzing how low response rates affected statistics.
“We conduct telephone and face-to-face interviews from February to April each year, and most of the data is collected in March,” the agency said in a report on poverty, income and health insurance.
According to the survey, the median household income in the United States in 2019 was $ 68,703, an increase of 6.8% from the median income of $ 64,324 in 2018. Asked if this was the biggest increase in the past year, Trudilenwick, head of the assistant division of social, economic and housing statistics, wasn’t, but “certainly the best one ever. It was one. “
In light of the challenges, the Bureau’s statement on median income states that it is “concerned about biases in its 2019 forecasts.” “After adjusting for non-responsiveness bias, the median actual household income in 2019 was $ 66,790, 2.8% lower than the survey estimates,” the agency added.
The agency said the country’s poverty rate was 10.5%, 1.3 points lower than 11.8% in 2018. The agency said the poverty rate has fallen for the fifth consecutive year. The agency also noted concerns about the impact of non-response rates on poverty statistics. “We estimate the poverty rate in 2019 to be 11.1 percent, compared to the official estimate of 10.5 percent,” he said.
In this study, Rizzo said, “Tell me two things. The first was that the economy was doing well before COVID. The second was that it was improving … Of course, things have changed a lot. doing.
“I think the only positive thing is that the economy for Long Island to move to COVID-19 was very strong,” he added. “So it will probably help, as it will gradually restart the economy and put this tragedy behind us. It would be worse if there was a COVID in the underlying weak economy. But it was strong. It was strong. It suggests a healthy recovery to me. “
The survey found that 92% of the population had health insurance and 8% (26.1 million) did not. The survey found that health insurance coverage increased from 2018 to 2019. This was largely due to the employment-based health insurance that 68% of the population had.
According to another research agency, 5.2% of New Yorkers in 2019 did not have health insurance, according to the American Community Survey. It has decreased from 5.4% in 2018. County data on health insurance, poverty and income will be released Thursday.
Janine Logan, a spokeswoman for the Nassau-Suffolk Health Council, which represents Long Island’s non-profit and public hospitals, said: The crisis in which we find ourselves. “
Logan also said, “Historically, the high unemployment rate and the connection to employer-provided health insurance will affect the coverage of health insurance. Progress seems to be progressing in this area as well. But unemployment leads to loss of health. Insurance. “