Radio commentary, September 10, 2009

Thursday morning brought the release of the annual income, poverty, and health insurance numbers from the Census Bureau for 2008. As you might have guessed, the first year of the recession was pretty bad news for just about everyone. Median household income—the income right at the middle of the income distribution, with half of all households having higher incomes, and half lower—fell by 3.6%, the biggest yearly decline since these figures begin in 1967. All racial and ethnic groups took a hit: non-Hispanic whites were off 2.6%; blacks, off 2.8%; Asians, 4.4%;… Read More