Income and Poverty in the United States: 2015

  • Median incomes are up and poverty rate is down, surprisingly strong census figures show, By Don Lee, September 13, 2016, Los Angeles Times: “The economic recovery is finally providing relief to America’s long-running problem of stagnant middle-class incomes.  The Census Bureau’s unexpectedly-rosy annual report on poverty and incomes, released Tuesday, showed the biggest improvement in decades on both fronts…”
  • Middle class incomes had their fastest growth on record last year, By Jim Tankersley, September 13, 2016, Washington Post: “Middle-class Americans and the poor enjoyed their best year of economic improvement in decades in 2015, the Census Bureau reported Tuesday, a spike that broke a years-long streak of disappointment for American workers but did not fully repair the damage inflicted by the Great Recession…”
  • The middle class gets a big raise … finally!, By Tami Luhby, September 13, 2016, CNN Money: “After years of watching their incomes go nowhere, America’s middle class finally got a big raise last year.  Median household income rose to $56,516 in 2015, up 5.2% from a year earlier, according to data released by the U.S. Census Bureau Tuesday. It marks the first increase in median income since 2007, the year before the Great Recession started…”
  • U.S. household income grew 5.2 percent in 2015, breaking pattern of stagnation, By Binyamin Appelbaum, September 13, 2016, New York Times: “Americans last year reaped the largest economic gains in nearly a generation as poverty fell, health insurance coverage spread and incomes rose sharply for households on every rung of the economic ladder, ending years of stagnation…”
  • Has the American economy hit a turning point?, By Deirdre Fernandes and Evan Horowitz, September 13, 2016, Boston Globe: “Middle-class Americans finally got a raise in 2015. And it was a big one.  After years of glacial economic growth and stagnant wages, median household income jumped 5 percent, or nearly $3,000, from 2014, according to data released Tuesday by the Census Bureau. That’s the first meaningful increase since 2007 and the biggest bounce on record, offering fresh evidence that this economic recovery is now reaching a broader swath of American workers…”
  • Americans got raise last year for first time since 2007, By Christopher Rugaber and Jesse J. Holland (AP), September 13, 2016, Miami Herald: “In a long-awaited sign that middle-class Americans are finally seeing real economic gains, U.S. households got a raise last year after seven years of stagnant incomes. Rising pay also lifted the poorest households, cutting poverty by the sharpest amount in nearly a half-century…”
  • Things are getting a lot better for the working poor, By Max Ehrenfreund, September 13, 2016, Washington Post: “Last year marked the greatest improvement in the typical American family’s finances on record, according to a new annual report from the Census Bureau, especially for the working poor…”

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