How Far Is New York to Texas by Plane

More Money Is Going to Texas Than California or New York, Thanks to US Census

f11photo / Shutterstock.com

The U.S. Census Bureau revealed the population of the U.S. based on the 2020 census, which counted all the people in the U.S. as of April 1, 2020. The total U.S. population stands at 331,449,281 people, the Brennan Center reports.

See: All About the Federal Budget and Its Role in Your Life
Find: 30 Places in America That Are Getting Poorer

Population growth has slowed since the last census in 2010, according to CNN. The time period between 2010 and 2020 shows the second slowest population growth in history, behind the 1930-1940 census, which included the first two years of the Great Depression.

What do the census results mean for average Americans — and their wallets?

The results of the census determine the number of seats each state gets in the U.S. House of Representatives and how many votes each state gets in the Electoral College, which could dramatically shift the balance of political power — and the "power of the purse." The 2020 findings will result in Texas gaining two seats in the U.S. House of Representatives and New York and California each losing one, CNN reported. Illinois, Michigan, Ohio, Pennsylvania and West Virginia also lost one seat each, while Colorado, Florida, Montana, North Carolina and Oregon all gained one.

See: The Best and Worst Ways States Use Your Tax Dollars
Find: Best and Worst States for America's Middle Class

But census results also affect the amount of federal funding a state gets. The U.S. government apportions about $1.5 trillion per year to states for programs such as Medicare, Medicaid, education and public services, NPR reports.

These newly released results do not delve into local numbers, but the Census Bureau said it will release additional data by Sept. 30, according to the Brennan Center. So far, the recent census findings reveal that U.S. population growth from 2010 to 2020 occurred entirely in non-white communities, including Latino, Black and Asian American communities, the Brennan Center writes. This could be attributed to incorrect counts for these communities during past decades. The 2020 census data could result in more federal funding for these underserved populations.

More From GOBankingRates

• Money's Most Influential: Where Do Americans Get Their Financial Advice?
• Don't Miss Out on Nominating Your Favorite Small Business To Be Featured on GOBankingRates — Ends May 31
• 'Rich Dad Poor Dad' Author Robert Kiyosaki: You Should Never Say 'I Can't Afford That'
• Everything You Need To Know About Taxes This Year

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.

Check Out Our Free Newsletters!

Every day, get fresh ideas on how to save and make money and achieve your financial goals.

How Far Is New York to Texas by Plane

Source: https://www.gobankingrates.com/money/economy/more-money-is-going-to-texas-than-california-or-new-york-thanks-to-us-census/

Share this post