Indiana median household income declines

Median household income declines in the State of Indiana. There is a report out that Indiana median household income from 1999 has slipped 9.8% in 2006.

The United States Census Bureau has released,Income, Poverty, and
Health Insurance Coverage in the United States: 2006 . The report has graph that charts income increases from 1967 to 2006. However, there is a rocky road to get from $36, 847 in 1967 to $48, 201 in 2006, including a recession in 2000.

Indiana's median household income dropped from a little over $50,000 in 1999 to a little over $45,000 in 2006. This leaves Indiana a little behind the nation's average in median household income. In 2004, Allen County median household income was a little over $42,800 less than than the current 2006 estimated average.

The real median income for states in the Midwest is a little over $26,500 while the southern states' median income is a little on $42,500.

By racialized groups, Asian real median household income is estimated on the average at over $64,000, Raced whites lost a little in their earning power at over $52,400, Latinos comes in at over $37,700 in their earning power and African-Americans at less than $32,000 for 2006.

The United States workforce in 2005 had a little over 13,000 Asians working, in 2006 the numbers were a little over 30,000. The per capital income of Asians is estimated at having the greatest increase.

Comparing earning power between women and men, from 1960 to 2006, full time year round working women who were 15 years of age and older experienced an increase in their median income of 77%. Nevertheless, women still lag behind men in estimated earning, with women at a little over $32, 500 and men at over $42,200.

The fact that African-Americans earn less than any groups could explain why so many African-American's children are living in poverty. At the bottom of the poverty rate you will find African-Americans have an estimated 24% rate of poverty, meaning almost a quarter of the African-American population sit in this pocket for 2006. Female headed households accounts for 35% of this population living in poverty.

This estimated number is unchanged from 2005. Raced Whites remain unchanged from 8% of its large population as well as Asian at a little over 10%. Latinos were able to reduce their number from 21% to 20%.