Since 2000, median income has decreased 1 percent. That decline is magnified by the higher costs for energy, food and other items during that period; what families could buy for a dollar in 2000 now costs $1.25.
For some racial and ethnic groups, the burden is even heavier. In 2007, the median income for white people was $54,920; the median income for African Americans was more than $21,000 less. Median income for Hispanics was more than $16,000 less. Since 2000, white median income has decreased $12; for African Americans it has decreased $1,804, for Hispanics it has decreased $1,256, and for Asians it has decreased $1,030. Those are huge disparities that continue to lay bare the racial and ethnic inequality of America. There is no way around it.
Poverty follows a similar pattern. Since 2000, the number of people in poverty has increased by 5.7 million; the number of families in poverty has increased by 1.2 million, and the number of children in poverty has increased by 1.7 million. In 2007; 37.3 million people are suffering in poverty.
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