The American Community Survey 2017 1-year estimates report a median household income of $74,168 in Connecticut. To account for a greater proportion of CT households concentrated in higher income brackets overall, we also explored the median household income. The ACS 2017 1-year estimates of 1,356,762 households report a mean annual household income of $107,420. Data from Form 1040 has been historically underutilized in the social sector. This form includes information such as annual income, sources of income, tax credits and deductions, and unemployment compensation. Department of Internal Revenue Services (IRS) collects annual income tax returns from individual taxpayers using Form 1040. ACS data is widely used by planners, policymakers, and organizations to help communities plan for programs, businesses, and services to meet the needs of their residents. Questions cover many topics, including: educational attainment, employment status, income and earnings, industry and occupation, health insurance coverage, housing characteristics, and demographics. Census Bureau that collects detailed information about the U.S. The American Community Survey (ACS) is an ongoing survey product of the U.S. We also found that Connecticut has higher mean household incomes than the United States, across both data sources. We found that mean household income estimates from the American Community Survey were higher than those reported on IRS Form 1040. Department of Internal Revenue Service’s (IRS) Individual Income Tax Form 1040. Census Bureau’s American Community Survey and the U.S. To explore this question, we analyzed income data from two 2017 public data sources: the U.S. Being a critical consumer of data is a key step in building data literacy. Given that these income statistics are touted regularly in local and national media, we sought to understand how the data varies depending on the source and the extent to which this shapes the story. Connecticut continues to rank in the top 3 states for the highest income inequality in the nation. Those of us that work in our local communities know that there is a more nuanced story behind this facade of wealth. At first glance, Connecticut appears well-resourced and prosperous, having long been cited as one of the wealthiest states in the nation. Part 1: IncomeĬonnecticut is a state with many facets. We are grateful for his contribution toward and enthusiasm for this project. The analyses in this series were completed by our Fall 2019 Wesleyan Intern, Spencer Arnold. We hope that through this series you will be reminded that we must all continue to be curious about the information we are presented with and work to be critical consumers of data in our everyday lives. As you will see, each data source paints a slightly different picture of the state depending on how the question was asked, the data source, and the respondent population. In this series, we explore four variables associated with economic prosperity through the lens of different data sources: Income, unemployment, student loan payments, and mortgage interest payments. Data literacy is the ability to systematically and ethically ask and answer real-world questions with data, which includes collecting and finding data, critiquing and interpreting data, and analyzing and applying data. At CTData, we are committed to building data literacy across the state.
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