Posted by John Irons at August 30, 2005 10:47 AM

Income and poverty data are out today. Not encouraging.

Full data

Quick take:

Overall: Median incomes declined by about $100 (but not statistically significant).

Median incomes for those 65 years or younger fell by about $600 (and was statistically significant).

Of most concern is that declines in the earnings for full-time, year-round workers. For men, median incomes fell by about $1,000, and for women over $300. (also, statistically significant).

Poverty rates increased from 12.5 percent to 12.7 percent. There were broad-based increases in poverty across the spectrum.

Shares of income in the midle 3 quintiles declined, while incomes in the highest quntile increased.

Number of those without health insurance increased by about 860,000.