U.S. middle class incomes grew faster in 2015 than any year in modern history, new Census data show

[DonViejo]

U.S. middle-class incomes grew faster in 2015 than any year in modern history, new Census data show

By Jim Tankersley September 13 at 10:13 AM

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The incomes of typical Americans rose in 2015 by 5.2 percent, the first significant boost to middle-class pay since the end of the Great Recession and the fastest increase ever recorded by the federal government, the Census Bureau reported on Tuesday morning.

In addition, the poverty rate fell by 1.2 percentage points, the steepest decline since 1968. There were 43.1 million Americans in poverty on the year, 3.5 million fewer than in 2014.

The share of Americans who lack health insurance continued a years-long decline, falling 1.3 percentage points, to 9.1 percent.

The numbers, from the government's annual report on income, poverty and health insurance, suggest the recovery from recession is finally beginning to lift the fortunes of large swaths of American workers and families.

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https://www.washingtonpost.com/news/wonk/wp/2016/09/13/the-middle-class-and-the-poor-just-had-the-best-year-since-the-end-of-the-great-recession/?wpisrc=al_alert-COMBO-economy%252Bnation

[reznor73]

1. Thaanks Obummer ! n/t