Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

Download Now!

This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

Download Now!
August 30, 2005
Poverty Rate Increases, Income Stable, Uninsured Rate Unchanged

The nation's official poverty rate rose from 12.5 percent in 2003 to 12.7 percent in 2004, according to a report released by the U.S. Census Bureau.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

There were 37 million in poverty in 2004, up from 35.9 million in 2003. There were 7.9 million families in poverty in 2004, up from 7.6 million in 2003. The poverty rate for families remained unchanged at 10.2 percent. The poverty rate and the number in poverty showed no change for the different type of families.

As defined by the Office of Management and Budget and updated for inflation using the Consumer Price Index, the average poverty threshold for a family of four in 2004 was an income of $19,307; for a family of three, $15,067; for a family of two, $12,334; and for unrelated individuals, $9,645.

Meanwhile, real median household income remained unchanged between 2003 and 2004 at $44,389. However, the real median earnings of both men and women who worked full-time, year-round declined between 2003 and 2004. The median earnings of men declined by 2.3 percent, from $41,761 to $40,798, and the median earnings of women declined by 1.0 percent, from $31,550 to $31,223. Connecticut, Maryland, Massachusetts, New Jersey and the District of Columbia had among the highest median earnings for both men and women who worked full-time, year-round.

In each of the 50 states and the District of Columbia, women's earnings were less than men's in 2004. The District of Columbia was the area with the greatest parity between men's and women's earnings. There, women earned 91 cents for every dollar that men earned.

The number of people with health insurance increased by 2.0 million to 245.3 million between 2003 and 2004, and the number without such coverage rose by 800,000 to 45.8 million.

Featured Special Report:
Top 100 FLSA Overtime Q&As
Twitter  Facebook  Linked In
Follow Us
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: