Mass. Household Income Jumped Nearly 6 Percent In 2016

Matthew Zuniga 18 months old brings his mother prepared lunches for himself and his four-year-old brother that was delivered to him from the organization Kids Meals Tuesday

This is also the second year in a row the poverty rate reduced. Last year's three-year average was 16.1 percent. "Raising the minimum wage would be the most obvious one".

"The 2016 real median earnings of men ($56,640) and women ($41,554) who worked full-time, year-round were not statistically different from their respective 2015 medians", the Census Bureau's report says.

And, the share of those without health insurance dropped to 8.8%, down from 9.1% a year earlier.

"Many people above the poverty threshold are still struggling to make ends meet", she added. The Census Bureau's income measure also includes bonuses, Social Security, public assistance payments, and interest and dividends from investments, among other sources. For comparison's sake, the inflation-adjusted number was $44,895 in 1967, when record-keeping began. But it's important for observers not to conflate record median income with record living standards.

Fewer people are waiting in food lines these days. Those in the middle fifth of the income spectrum, would see also see a cut, albeit a smaller one, worth about $2,000 on average. Now, a quick definition here - a family of two adults and two children officially lives in poverty if its annual income is $24,339 or less.

"What good is health insurance coverage if you can't get access to medical care?" he said. "But too many hard-working, low-income Texans are still left uninsured, and the long-lasting effects of Hurricane Harvey have now created new needs among Texas families".

The details are provided on Table A-4, on page 49 of this PDF. And the bottom 20% of earners took in just 3.1% of the total earnings in 2016, the same 3.1% as in 2015. Still, it put a damper on good news elsewhere in the report, based on the Current Population Survey.

Mass. Household Income Jumped Nearly 6 Percent In 2016
Mass. Household Income Jumped Nearly 6 Percent In 2016

The post-1973 reality of flat income is a huge contrast to the rapid growth from 1960 up to the 1973 oil shock and the reopened inflow of immigrant labor after 1965. Median incomes went up 11.2 per cent in Vancouver.

The strong gains will probably sharpen the political debate between President Donald Trump, who is pressing to overhaul the nation's economic policies, and Democrats who now have more ammunition to argue that the changes Trump seeks would mess with success.

Other data in the report shows that the nation's poverty rates have barely budged since the 1960s, although many people in the United States are wealthier than many people n Europe.

Women earned 80% of male pay on average previous year, up almost a percentage point and the first statistically significant increase since 2007.

- The poverty rate for non-Hispanic whites was 8.8 percent in 2016 with 17.3 million individuals in poverty. Poverty among Latinos was 19 percent in 2016, little changed from 1973.

Michigan's poverty rate, despite its 0.8 percentage point decline to 15% in 2016, remains above the national rate of 14%, according to 2016 data.

- Despite the second-lowest median income level in Canada, Quebec (14.3 per cent) was second only to Alberta (12.8 per cent) in having the lowest percentage of children in low-income households, thanks to lower child care costs and richer child benefits than elsewhere.

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