In 2016 the median income of American households finally surpassed the median in 1999.
Incomes for a typical U.S. household rose to $59,039, a 3.2percent increase from 2015 to 2016 when adjusted for inflation, the Census Bureau said. The median is the point at which half the households fall below and half are above.
Last year's figure is slightly above the previous peak of $58,665 in 1999.
It is also the first time since the Great Recession ended in 2009 that the typical household earned more than it did when the recession began in 2007.
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Ok, Joe.... now it's OK to cash that check.
ReplyDeleteA whopping 374 dollars, while the government state and Federal gets that and more every year!!!!
ReplyDeleteWe are slowly recovering from the last eight years....and the Clinton years before that!
ReplyDeleteThe recession was only 2 years long? Seemed more like eight to me.
ReplyDeleteSorry folks, I just don't believe it unless the surge occurred after November which I doubt. it is too convenient that the last year Obama was in office that it finally rose.
ReplyDeleteThats exactly the way it works. Ignore facts that dont fit your illconceived, i mean "pre-", notions
DeleteOh that is a big deal!!! Then your health insurance bill comes in and you have to pay $974.85 per month with a deductible of $12900.00 which equals $24598.20 per year. That leaves you 34,440.80 to pay for medical until you reach your deductible, then Mortgage or Rent whatever you use, utilities, car payments, gasoline to get to work, clothing, food, etc, etc, etc. and this is before they take out TAXES from that paycheck. Pardon me if I do not jump up and down with glee.
ReplyDeletewonder who paid for that "study"???? "Adjusted for inflation?" Where and why do they come up with this B.S.??
ReplyDeleteThe government lies constantly.
ReplyDeleteNever believe anything it tells us.