Examining the Aggregate Income Deficit in the U.S.: A Look at the 2021 Numbers and Historical Trends
SUNDAY, APR 30, 2023
The aggregate income deficit – the amount it would take to lift every person in the U.S. out of poverty – reached $75.9 billion in 2021, according to the 2017-21 American Community Survey. The figure is considerably less than the inflation-adjusted figure of $83.6 billion from 2011, according to a Social Explorer analysis.
The greatest deficits were located in some of the nation’s most populous counties, although the correlation was not exact. It would take $2.4 billion to eliminate poverty in Los Angeles County, Calif.; $1.6 billion in Harris County, Texas; $1.3 billion in Cook County, Ill.; $1 billion in Maricopa County, Ariz.; and $951 million in Kings County, N.Y.
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Aggregate Income Deficit In The Past 12 Months. Click here to explore further.
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