The average poverty rate for all Americans for the first seven years of the Reagan terms was 14.2%. For the first seven years of Bill ClintonÂ’s terms, it was 13.6%. Under George Bush, the average poverty rate for 2001-2007 is 12.4%.
American women reached record wage parity with men in 2007. Women earned 77.8 cents for every dollar earned by men.
The average income for all blacks in 2007 was $46,631. This is the third highest average in history, exceeded only by the years 1999 and 2000.
The average income for Hispanics in 2007 was $50,828. While it is lower than last yearÂ’s all-time record, it is higher than all years preceding 2000.
The poverty rate for people over 65 was at a record low in 2006, 9.4%, and is at its second lowest for 2007, 9.7%. |