Census Bureau: US household income up 3.2%; poverty rate dips in Northeast

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It's the second consecutive year the USA has seen an increase.

The Census Bureau reported on Tuesday that the median household income was $59,000 in 2016, a rise of 3.2% from 2015's $56,500. The figures for 2016 mark the second consecutive annual increase in the median household income - a closely watched metric for how the American middle class is doing from year to year, adjusted for inflation.

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.

Households gained the most on the Northeast and West, but the median income was essentially flat in the Midwest and actually declined in the South. Still, almost 41 million Americans remained in poverty in 2016. There were 40.6 million people living in poverty.

The country's poverty rate fell 0.8 percent to 12.7 percent, which the Census said means 2.5 million fewer people lived in poverty previous year than in 2015. Real median incomes for family and non-family households were up 2.7 percent and 4.5 percent, respectively.

It also was the first year since the recession that the poverty rate was no statistically different than it was before the crash in 2007.

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

The gap between the earnings of women and men narrowed slightly in 2016, with women now earning just more than 80 cents for every dollar men earn. There are just seven states that now have 12% or more of their population uninsured, down from 31 states in 2013, ahead of the introduction of Barack Obama's Affordable Care Act. Men who work full time earned $51,640 a year ago, or about 0.4 percent less than in 2015, the Census said.

The percentage of people without health insurance coverage for the entire 2016 calendar year was 8.8 percent, down from 9.1 percent in 2015.

On the other hand, this is better than the top.01 percent has done.

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