If your annualized
median income falls below the state median, you're all set — no need to dive deeper, as you are presumed to qualify for Chapter 7 bankruptcy.
Only one major demographic - unattached non-elderly men - has seen
their median income fall by more than that of the «typical» household.
Census numbers show new signs of distress among the middle class, as
median incomes fell last year to levels last seen in 1997.
Even with
median income falling in the United States, there is a great deal consumers can do to curtail their expenditures and make every dollar count.
Not exact matches
The disappointing trends of the Great Recession and its aftermath come on the heels of the weak labor market from 2000 - 2007, during which the
median income of non-elderly households
fell significantly from $ 68,941 to $ 66,575, the first time in the post-war period that
incomes failed to grow over a business cycle.
According to the Pew Research Center, people whose household
income falls between 66 % and 200 % of the national
median household
income can call themselves middle - class.
The productivity -
median compensation divergence can be broken down into two aspects of rising inequality: the rise in top - half
income inequality (divergence between mean and
median compensation) which began around 1973, and the
fall in the labour share (divergence between productivity and mean compensation) which began around 2000.
The only reason the
median didn't
fall more was because net worth for the top 10 %, those with 2013
incomes over $ 154,600, rose nearly 75 %.
And although the city's
median household
income falls below the state
median ($ 67,846), it's actually higher than the
median household
income in Boston ($ 54,485).
You have this vise grip that's going with
median household
incomes falling, and yet commodity prices are rising.»
As to who the public blames for the
fall in
median household
income, recent surveys find Congress tops the list, followed by financial institutions, George Bush and President Obama.
Median household
income in South Florida
fell from $ 48,846 in 2010 to $ 48,458 last year when adjusted for inflation, according to the latest figures from the U.S. Census Bureau.
South Florida's
median household
income, after inflation,
fell 0.8 percent from 2009 to 2014, compared with 0.3 percent nationally, according to the Census Bureau's latest American Community Survey.
Even there, the difference is not large -
median incomes, overall, have
fallen 7 percent in real terms since 1976;
median incomes of single non-elderly men have
fallen 10 percent.
Additionally, many of the served applicants actually
fall below 50 %
median income.
Child poverty is currently defined by the number of children living in households with an
income that
falls 60 % below
median earnings.
But with the onset of the Great Recession in December 2007,
median household
income fell over the next five years from a business cycle high of $ 57,357 to $ 52,605.
The government says 35 % of all pupils in England, which is 2.5 million children
fall into its definition of coming from ordinary working families, because they
fall below the
median income but are not eligible for pupil premium.
Earlier this week, the Authors» Licensing & Collecting Society released a survey of almost 2,500 writers which found that the
median income of a professional author last year was # 11,000, down 29 % since 2005 — a period in which
median earnings for UK employees have
fallen by 8 %.
Steen's link in the passage above is to a write - up from my colleague Tom Tivnan at The Bookseller, whose Half - Year Review 2015: Publishers and authors sees «seven of the top 10 [publishers] in the black» as industry agencies in both the UK and the US continue to report substantially
falling median incomes for authors.
Authors Guild says
median income for members has
fallen 24 % in five years, with piracy, Amazon and publishing economies contributing to slump in earnings
The
median household
income falls well below national averages, while the reported
median home price was a full third greater than the $ 200,000 national
median.
You can only file for Chapter 7 if your
income falls below your state's
median or you can prove that you don't have enough disposable
income — gross
income minus necessary expenses — to pay your creditors.
Compared to national averages, New Mexico
falls short in high school graduation, bachelor's degree achievement,
median household
income, and
median home values.
Englewood
falls slightly below average when it comes to
median income for college graduates, but it's home to a significantly higher percentage of young people than most Colorado communities.
Residents»
income falls in the middle of the Eastside's suburbs with a
median household
income of $ 86,865.
«Although interest rates have
fallen in recent months,
median family
incomes are still lagging behind price gains, and mortgage rates will inevitably rise with the upcoming changes in monetary policy,» he said.
While various interest groups may quibble over exactly how to slice and dice the numbers, Queens University economist Charles Beach says defining the middle class as those whose earnings
fall within 50 % of the
median household
income «is as good a definition as any.»
Some of these new campaigns will participate in New York's Affordable Solar program, announced by the Governor this past
fall, which doubles NY - Sun incentives for households earning less than 80 percent of the area or state
median income.
Profits per equity partner (PPEP) goes up, partner headcount goes down,
median partner
income falls, the ratio of partners making as much as PPEP
falls.
Additionally, participants in this sample had a relatively high
median household
income,
falling between $ 100,000 to $ 149,000.
& nbspThe population of
Falls Church is 13,892 people with 5,166 households and a
median annual
income of $ 120,522..
& nbspThe population of Hudson
Falls is 7,191 people with 2,832 households and a
median annual
income of $ 42,392..
& nbspThe population of Idaho
Falls is 59,184 people with 20,945 households and a
median annual
income of $ 44,580..
& nbspThe population of Great
Falls is 59,638 people with 25,194 households and a
median annual
income of $ 42,896..
The ratio of the state's
median home price to its
median income (3.82) hasn't changed since last year, but our analysis shows that its foreclosure rate and burglary rate have
fallen.
«Slightly fewer transactions resulted in the
median gross
income of a Realtor ®
falling to $ 45,800 from $ 47,700 in 2013.»
It reveals that the
median income for middle class households
fell by nearly 5 percent between 2000 and 2014, and their
median wealth (assets minus debt) declined by 28 percent after the housing market crisis and the subsequent recession.
«The
fall in home prices has opened opportunities for more families to enter the second - home market — the
median income of investment buyers today is lower than it's been in recent years,» Yun said.
The figures released by the Commerce Department last week showed personal
income fell more than economists were expecting, or 1.3 %, compared with the
median forecast of a 1 % decline.
Median gross rent, including utilities and adjusted for inflation, increased 6 percent from 2001 to 2014, according to the Center on Budget & Policy Priorities; median renter household income fell 9 pe
Median gross rent, including utilities and adjusted for inflation, increased 6 percent from 2001 to 2014, according to the Center on Budget & Policy Priorities;
median renter household income fell 9 pe
median renter household
income fell 9 percent.
Household Finance
Median household income expectations fell slightly from last month's median expected growth of 2.9 percent to 2.8 percent, still well above its average reading since June
Median household
income expectations
fell slightly from last month's
median expected growth of 2.9 percent to 2.8 percent, still well above its average reading since June
median expected growth of 2.9 percent to 2.8 percent, still well above its average reading since June 2013.
Median expected household
income growth
fell slightly compared to last month (from 2.3 percent to 2.2 percent), remaining well below its 2015 average of 2.7 percent and reaching a value not seen since the summer of 2014.
Indeed, inflation - adjusted
median household
income rose by 5.2 % in 2015, the largest increase since at least 1968, while the poverty rate
fell to a post-recession low (although it remains uncomfortably high at 13.5 % compared with 11 % in 2000).
One common measure of affordability — the ratio of
median house prices to household
income —
fell to 3.4 last year, the lowest level since 1995 and in line with the two decades ending in the year 2000.
Mike Sante, managing editor for the website focusing on consumer finances, said the Baltimore metropolitan area — defined for this report as including the city, five surrounding counties and Queen Anne's County — rose in the ranking because
median home prices
fell by nearly 3 percent while
median income rose about 2 percent.
The Fed survey found that the
median value of family
income, when adjusted for inflation and before taxes,
fell by 7.7 percent — from $ 49,600 in 2007 to $ 45,800 in 2010.
As a result, slightly fewer transactions led to the
median gross
income of a Realtor ®
falling to $ 45,800 from $ 47,700 in 2013.
Current low housing prices, coupled with historically low interest rates (the 20 year average is 7 % but a minimum down FHA loan can be had for 4.5 % today), explains why the monthly mortgage payment on a
median priced house bought with a 20 % down payment has
fallen to an all - time low of 13 % of the
median income.
«The average two - person Austin household, earning the area's
median income of $ 65,100,
falls well short of what is needed to afford the
median home price in Central Austin, according to mortgage calculations.