Incomes and Poverty in Texas Still Not Recovered 9/19/13
AUSTIN, Texas - Texas weathered the 2008 recession better than most
states, but according to U.S. Census Bureau data the state's median income
remains below 2000 levels, and the poverty and uninsured rates remain high.
According to data released Thursday, Texas was one of only two states where
the poverty rate declined between 2011 and 2012, dropping to 17.9 percent. About
4.5 million Texans live in poverty, defined as an annual income of less than
$18,480 a year for a family of three.
Between 2008 and 2012, the percentage of people under 65 with private health
insurance dropped from 57.6 percent to 54.7 percent.
The median household income in Texas was largely unchanged in 2012 at
$50,740 a year. But incomes have still not returned to 2000 levels, when the
median was $52,365.