11/15/13
Asian Americans had the highest median incomes in 2012, and also saw the largest gains in real median income between 2011 and 2012, according to newly released data from the U.S. Census Bureau. Median household income among Asian Americans increased 3.2% between 2011 and 2012, compared with increases of 1.3% and 0.8%, respectively, among blacks and non-Hispanic whites, and a 1.1% decrease among Hispanics. Asian Americans’ median income in 2012 was 35% higher than that of U.S. households overall [calculations by ].
More than one in seven Americans (15%) lack health insurance coverage. Hispanics are significantly more likely than members of other racial/ethnic groups to be uninsured, although the proportion of Hispanics who are without insurance declined 1% between 2011 and 2012.
Almost one in three U.S. residents who were born outside the U.S. are uninsured (32%), including 43% of those who are not U.S. citizens and 18% of those who are naturalized U.S. citizens.
Almost one in 10 children under age 18 are uninsured (9%), including 14% of Hispanic children, 9% of black children, and 8% of Asian children.
SOURCE: “Income, Poverty, and Health Insurance Coverage in the United States: 2012,” by Carmen DeNavas-Walt et al., September 2013, U.S. Census Bureau, Public Information Office, 4600 Silver Hill Rd., Washington, DC 20233; 301-763-4636; pio@census.gov; www.census.gov. Price: Available online at no charge.
© 2013 Business Valuation Resources, LLC (BVR). May not be reproduced without written consent of publisher.