Median incomes are up and poverty rate is down, surprisingly strong census figures show - News Summed Up

Median incomes are up and poverty rate is down, surprisingly strong census figures show


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. The nation's poverty rate fell to 13.5% in 2015 from 14.8% the year earlier, the largest single-year percentage drop since 1968. Obama, stumping for Clinton at a campaign event Tuesday in Philadelphia, did not pass up the moment to spotlight the census report. The median income growth was fueled by sharper gains in poorer families.


Source: Los Angeles Times September 13, 2016 15:09 UTC



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