...Race continues to play a huge factor in poverty and income inequality. Median per capita income for non-Hispanic whites was $30,941, down 0.8 percent from a year earlier. Among blacks, median per capita income was less than two-thirds of the white median income, at $18,135....
Age is also a factor. Households led by someone 65 or older actually saw their median income rise 5.8 percent to $31,354. That was largely because of Social Security payments. But households maintained by someone aged 15 to 24 saw their income drop 4.4 percent, and those led by someone 35 to 44 fell 2.6 percent.
One of the most striking statistics released Thursday was the number of people aged 25 to 34 who are living with their parents. That number rose 8.4 percent to 5.5 million from 5.1 million in the last two years. We knew that recent college graduates were moving back in with their parents, but the fact that even older adults are doing so because they can’t make it on their own is a sign of the difficult economic times.
Had those people not been living with their parents, their poverty rate, officially reported as 8.5 percent, would have been a 42.8 percent.
