Middle-Class Americans Made More In 2016 Than Ever In US History

  • Middle-Class Americans Made More In 2016 Than Ever In US History

Middle-Class Americans Made More In 2016 Than Ever In US History

Americans saw their median household income increase to $59,039 in 2016, the highest on record, up 3.2 percent from the previous year. New Jersey's median income ranked third in the nation, behind Maryland and Alaska. In 2016, New York's uninsured rate was 4.6 percentage points lower than in 2013. But inequality between different demographic groups in America remains deep, and it will be important to watch how these different groups fare in the coming years.

"That's a huge jump", said Scott Bailey, regional labor economist at the state Employment Security Department. She also noted that the gender wage gap widened over the prior year. But there was some state-by-state data released Tuesday, mainly regarding health insurance. That's not all good news, however.

Also since 2007, median income is up just 1.5 percent, compared with a 6.2 percent advance for the mean.

Each data set has its own strengths and weaknesses, but overall their contours are similar.

- The median total income of Canadian households reached $70,336 in 2015, a 10.8 per cent increase from $63,457 in 2005. This is the second consecutive annual increase since 2007, the year before the Great Recession hit.

- The poverty rate for non-Hispanic whites was 8.8 percent in 2016 with 17.3 million individuals in poverty.

Growth in incomes isn't always tied to more people, Statistics Canada is quick to note.

The United Way offers a third measure in its ALICE Project.

(2) Household income growth was a more robust 5.2 percent in 2015. When the new open enrollment period starts November 1, "we're going to have to spend a lot of time clarifying things and educating people".

Middle-Class Americans Made More In 2016 Than Ever In US History

- Almost 96 per cent of Canada's 8.2 million married or common-law couples saw both spouses report income in 2015, significantly more than about two-thirds of couples in the mid-1970s.

The bureau reported the median income of non-Hispanic white households at $65,041, black households at $39,490, and Hispanic households at $47,675.

The California Budget and Policy Center blamed high rents for keeping 20.4 percent of the population in poverty. Those with greater educational attainment did not experience any significant decline in poverty.

The gaps between the poorest and the wealthiest households are growing.

And, the share of those without health insurance dropped to 8.8%, down from 9.1% a year earlier. Those in the 90th percentile of earnings saw their real incomes grow roughly 10.6 percent.

Eric Olson, the agency chief for housing and income, said there is a clear correlation between resource rich provinces and rapidly rising incomes. The minimum wage rises to $11.50 on January 1, 2018.

At the same time, the percentage of people without health insurance coverage decreased. This suggests that, in 2016, workers on the margins were the ones who benefited from more jobs and more full-time hours, while less marginalized workers experienced minimal improvements. Peaceful global trade has allowed men to sell more products overseas but also allowed employers to hire foreign workers instead of Americans.

The remuneration of middle-class Americans touched the highest point ever recorded by the Census Bureau.