U.S. reports rising income, falling poverty in 2016

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U.S. reports rising income, falling poverty in 2016

Today, the U.S. Census Bureau reported the American peoples' 2016 experience with poverty, median income and health insurance. Median income in San Francisco jumped 8.1 percent, to $96,667, while Washington D.C.'s crew slightly to $95,843.

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.

About 40.6 million people were living below the poverty line in 2016, defined as an annual income of about $24,500 for a family of four. This is the first time since the recession that the poverty rate isn't statistically different from the 2007 level of 12.5%, a sign of how the US economy has recovered from the Great Recession.

The marginalized racial and ethnic demographic categories experienced the largest growth in household income.

The gender wage gap persists, of course, but there's been progress there, too. Consumer prices rose 1.3% in 2016, up from a 0.1% gain in 2015, according to Labor Department data.

"I was really struggling", said West, 44, who was forced to move back in with his parents. That's not all good news, however.

It could also influence the average incomes of the poorest households.

The median household income increased by 3.2% to $59,039 (£44,480), rising for a second consecutive year as more people found full time jobs.

The new official poverty rate in the country is 12.7 percent.

Contrary to numbers released by the U.S. Census Bureau on September 12, researchers at the University of Chicago Harris School of Public Policy and the University of Notre Dame find that poverty has fallen sharply in the U.S.in recent decades.

There were many more measurements of income based on singles and other metrics, but by and large 2016 was a year that was better for just about every group tracked. New Jersey was one of 14 states where this measure rose in 2016, and now has the ninth-highest supplemental poverty rate in the nation.

"We're facing very precarious times", said Patricia Baker, president and CEO of the Connecticut Health Foundation, which pushes for health care access for all Connecticut residents, particularly low-income individuals.

He noted that the poverty rate was 15.3% in Florida and 15% in Texas before those states were hit hard by massive storms.

Syracuse's desperate poverty rate worsened previous year, even while poverty rates improved in most of the country, new Census numbers show.

The United Way offers a third measure in its ALICE Project. Income increased 2.6% for the bottom fifth of earners, 4.4% for the next lowest group and 2.8% for middle-income households.

The report also breaks down median incomes, earnings, poverty, by region, race, sex, ethnicity, and age.

The poverty rate among foreign-born persons declined more than it did for native-born persons. The median income for whites increased by 2% to $65,000; for blacks, by 5.7% to $39,500; and for Hispanics by 4.3% to $47,700.

The official poverty rate varies depending on household size and income. For example, a pro-immigration panel at the prestigious National Academies of Science estimated in 2016 that the huge government-imposed inflow of immigrants since 1965 has imposed a hidden 5 percent "immigration tax" on Americans' pay packets. While the poverty rate inside metropolitan areas declined by 0.8 percentage points, it did not significantly change in rural areas. Still, median earnings for full-time workers in Clark County increased slightly from $49,699 in 2015 to $50,130 a year ago, the Census Bureau said.

The data also showed that health insurance coverage continued to expand in 2016.

"We are now at just over 8 years", he said. That's $10,000 more than the national threshold.

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