US Census Bureau: Wages Increased Slightly In 2016, Poverty Decreased

US Census Bureau: Wages Increased Slightly In 2016, Poverty Decreased

US Census Bureau: Wages Increased Slightly In 2016, Poverty Decreased

Republicans in Congress narrowly failed to repeal the Affordable Care Act, the law that extends insurance to millions of Americans.

One in five Californians lives in poverty, the highest rate in the country, according to new data from the U.S. Census Bureau.

YDSTIE: Well, as you said, the median household income - that's the yearly income of households right in the middle of the income ladder - it rose significantly to $59,039 in 2016.

More than 40.6 million people in the United States were living in poverty a year ago, 2.5 million fewer than in 2015 and 6.0 million fewer than in 2014, the Census said.

The poverty threshold for a two-person household under the age of 65 was $16,072 previous year. The national poverty rate fell 0.8 points to 12.7 percent.

Another sign of economic growth is that poverty declined countywide from 10.3 percent in 2015 to 8.8 percent last year, which is lower than it was in the years leading up to the recession.

"Over the past several decades Census Bureau reports have found that the average one year risk of poverty tends to vary between 11 and 15 percent". Income increased 2.6% for the bottom fifth of earners, 4.4% for the next lowest group and 2.8% for middle-income households. Rather than an increase in wages, household incomes rose because the number of full-time, year-round employees in the labor force has jumped over the last two years.

The census data are based on surveys, so they have margins of errors. And yawning racial disparities remain, with the median African American household earning only $39,490, compared with more than $65,000 for whites and over $81,000 for Asians.

Sheldon Danziger, head of the Russell Sage Foundation poverty research group, said "expanding the earned income tax credit ... and more spending on badly needed infrastructure and early childhood education" would lift employment and productivity. It was also the highest median household income level ever recorded, after adjusting for inflation.

Middle-class households are only now seeing their income eclipse 1999 levels.

To get a clearer picture of income inequality across USA households, consider adjusting your choice of statistical measures.

Construction, which has a median hourly wage of $26, has been the fastest-growing sector in terms of number of people being hired in Clark County, Bailey said. Real median income for foreign-born households was $55,559 in 2016, lower than the median income of $59,781 for native-born households. This is the first time the female-to-male earnings ratio has experienced an annual increase since 2007.

The bureau says the number of insured hit an all-time high in 2016, reaching 91.2 percent. The coefficient in 2016 measured 0.4813, compared with 0.4832 in 2015.

In a sense, those last two figures tell the broader story of the Census report: The American economy made some vital progress in 2016, but is still far from overcoming the defects inherent to its rampant inequality.

Residents of core cities saw incomes rise by 5.4 percent, while incomes of people who live outside of metropolitan areas stagnated. "Some people are doing very well, and many people with higher educations are doing very well with income and wealth".

- The poverty rate for non-Hispanic whites was 8.8 percent in 2016 with 17.3 million individuals in poverty.

The poverty rate among foreign-born persons declined more than it did for native-born persons.

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