Longer-term view adds context to Census poverty data

Today, the U.S. Census Bureau reported the American peoples’ 2016 experience with poverty, median income and health insurance. Tom Hirschl, sociologist and co-author of “Chasing the American Dream: Understanding What Shapes Our Fortunes,” says that while the numbers today reflect an incremental improvement, middle-class and working-class Americans still feel insecure about their economic future. To […]

Median income will drop through 2030, finds new report

CORNELL UNIVERSITY PRESS RELEASE  FOR RELEASE:  Sept. 3, 2013  Contact: Syl Kacapyr Phone:  (607) 255-7701 vpk6@cornell.edu Median income will drop through 2030, finds new report ITHACA, N.Y. — The median incomes of the average American, once the envy of the world, will erode by about 0.5 percent per year over the next two decades, according […]