National

America’s Richest (and Poorest) States

In this March 31, 2014 photo, the former residence of Atlanta Archbishop Wilton Gregory sits under construction to be used as a rectory for six priests after Gregory moved to a nearby $2.2 million mansion for his own use in Atlanta. (AP Photo/David Goldman)
(AP Photo/David Goldman)

Thomas C. Frohlich and Alexander Kent, 24/7 WALL ST.

 

 

(247WallSt.com) – The United States added 3.2 million jobs in 2014, a greater addition to the workforce than in 2013, when 2.3 million jobs were added. At the end of last year, there were 139 million U.S. jobs, more than at the beginning of 2008, the pre-recession peak. Despite the improvement, inflation-adjusted household income levels increased only slightly across the nation, according to recently released figures from the U.S. Census Bureau’s 2014 American Community Survey.

The typical American household income was $53,657 in 2014. Three states — Washington, North Dakota, and Connecticut — reported income growths in excess of $2,000 in 2014. While the states with the largest increases in income were all relatively wealthy, only Kentucky, a relatively poor state, reported a significant income decline, with a typical household earning $1,139 less in 2014 than in 2013. In 33 states, income levels remained effectively the same from 2013.

One of the most notable changes from 2013 to 2014 was the rate of health insurance coverage among states. The implementation of the Affordable Care Act resulted in a massive decrease in the number of Americans without coverage. There were 11.2 million more insured Americans in 2014 than there were a year prior. While income and poverty did not change meaningfully in the majority of state, the rate of uninsured residents declined in every state in the country.

 

READ MORE

###

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Back to top button

My News Matters to me - Washington Informer Donations

Be a Part of The Washington Informer Legacy

A donation of your choice empowers our journalists to continue the work to better inform, educate and empower you through technology and resources that you use.

Click Here Today to Support Black Press and be a part of the Legacy!

Subscribe today for free and be the first to have news and information delivered directly to your inbox.

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker