Jump to content

B4 The Belll Frieday October 22


Recommended Posts

  • Replies 558
  • Created
  • Last Reply

Study: "most middle-income families lost ground between 2000 and 2003"

 

How are those Bush policies helping the middle class? According to a study from the Ecnoomic Policy Institute:

 

# "Pre-tax incomes fell for middle-income families of every type between 2000 and 2003. Driven by a recession-induced fall-off in wage income, pre-tax incomes fell by $2,119, or 3.1%, for married-couple families with children; single mothers lost $686 in pre-tax income, or 3.0%; elderly couples lost $353, or 1.0%; and young singles lost $818, or 3.4%."

# "After taking into account changes in both pre-tax income and taxes, the finding remains that most middle-income families lost ground between 2000 and 2003. Incomes declined slightly over this period (by 0.2%) for married couples with children and by 1.4% for elderly couples and young singles. Single-mother families saw after-tax income gains of 1.9% because of the greater refundability of child tax credits."

# "Family spending on higher insurance co-pays, deductibles, and premiums has escalated in recent years. Middle-income families saw their incomes erode between 2000 and 2003, after changes in both taxes and health spending are taken into account. For married-couple families with children, health spending rose three times faster than income (not inflation-adjusted) between 2000 and 2003, absorbing half the growth of their income. The post-tax, post-health-spending income of married-couple families with children, for instance, fell $699, or 1.3%, between 2000 and 2003, while that of single-mother families fell $433, or 2.0%."LINK

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...