The 2016 census report underlines the strength of the economic recovery Obama oversaw after the worst recession in living memoryAmerican incomes rose significantly for a second year in a row in 2016, bouncing back after the lost decade that followed the last recession. The census report covers 2016, the last year of the Obama administration, and underlines the strength of the economic recovery he oversaw after the worst recession in living memory. The latest household income figure is the highest ever reported by the Census Bureau – eclipsing the peak of $58,665 reached in 1999. However, the Census Bureau warned against making direct comparisons because of changes in its methodology made in 2014. “Real median household income has finally completed its nine-year slog of digging out of the ditch,” said Chris Christopher, executive director of IHS Markit.

Source: The Guardian September 12, 2017 16:41 UTC