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Tag Archives: income

ILLINOIS INCOME DECLINES

The online blog Reboot Illinois has just posted an article highlighting the top 30 Illinois counties that lost at least 10% of its median household income between 2000 and 2014. The northern tier of counties along the Wisconsin border led the list of declines, but there were a number of central Illinois counties among the top losers

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PARENTING SURVEY

Parents with family incomes of $75,000 or higher are more than twice as likely as parents with incomes below $30,000 to say that too much parental involvement in education could be a bad thing (59% vs. 23%), according to a new report on parenting issues from Pew Research . The survey asks if too much parental involvement hurts… read more

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WHO’S WELL OFF

On a global scale, the vast majority of Americans are either upper-middle income or high income. And many Americans who are classified as “poor” by the U.S. government would be middle income globally, according to a new Pew Research Center analysis.

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COSTLY TAX BREAKS

The biggest individual tax break is for employer-paid health care, health insurance and long-term care insurance, none of which is counted as taxable income. That provision cost the government an estimated $143 billion last fiscal year, and is estimated to cost $150.6 billion this year. Taxing dividends and capital gains at lower rates than ordinary… read more

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MEDIAN INCOME

The $51,939 median household income of 2013 is not significantly different from the $51,758 of 2012, after adjusting for inflation. This is the second year in a row of no significant change in median household income, according to the Census Bureau, following two years of decline.

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HUNGER RISK

North Dakota’s oil and gas production boom has boosted incomes and, according to a government report today, left the state with the lowest percentage (8.7%) of households struggling to afford food. Arkansas has the highest percentage at 21

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