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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.
Use Social Explorer’s flexible, easy-to-use mapping and reporting tools to see what it would take to eliminate poverty in your county.
Aggregate Income Deficit In The Past 12 Months. Click here to explore further.
If you are interested in discovering the full data mapping and reporting capabilities of Social Explorer, feel free to request a quick demo or sign up for a free trial today.
