There was no significant change in income inequality for the year, with the top five percent of households bringing in US$225,252 or more a year while the bottom quintile earned US$24,003 or less. In particular, a number of programs that effectively make people less poor – like Medicaid, food stamps, and disability insurance – would likely drive up the poverty rate.
Syracuse stood out for the wrong reasons. Starting with racial and ethnic categories, blacks and Hispanics had the highest poverty rates at 22 percent and 19.4 percent in 2016, respectively. Most Upstate New York cities saw their rates drop or stay steady.
The Census report covers 2016, the a year ago of the Obama administration, and underline the strength of the economic recovery he oversaw after the worst recession in living memory. And it is the second year of very strong growth in incomes.
One of the chief drivers of New Hampshire’s high median income is its poverty rate, which is the lowest in the nation.
Buffalo’s declined from 33 percent to 30.5 percent, ranking 23 in the nation.
Other characteristics that correlate with lower incomes were also associated with larger declines in poverty. Median incomes rose in Bergen to $93,683, Essex to $54,277, Hudson to $63,808, Morris to $106,985 and Passaic to $62,016. Those percentages are consistent with trends since 2009 in Syracuse. The share of Americans without coverage dipped to 8.8% from 9.1% the prior year.
“It’s good to see us heading in the right direction”, Flax Wilt said. More than half – 52 percent – of voters 65 and older picked Trump last November. First, the increase in real household income appears to be driven not by an increase in wage rates, but by an increase in full-time, year-round employment. “It’s working, but we need to let people know it’s available”. In other words, the post-recession economic gains the middle class made under President Obama now look more likely to stall or reverse than continue or increase.
The report also showed that income inequality worsened previous year, extending a trend in place for roughly four decades.
The colossal 44-year failure of the federal government to help grow American men’s wages – or even to reduce poverty rates – is laid bare in the latest report from the Census Bureau, “Income and Poverty in the United States: 2016”.
The 2016 median income figure remains 1.6% below its 2007 level and 2.4% below where it was in 1999, said Elise Gould, a senior economist at the institute.
On average, Canadians saw a steady rise in their income between 2005 and 2015, when the median national household income weighed in at $70,336, up 10.8 per cent from $63,457 a decade earlier, once adjusted for inflation.
By contrast, incomes in resource-rich provinces rose considerably.
Photo The South Side neighborhood of Columbus, Ohio. That’s down from a post-recession high of 15.9 percent in 2012. The Census report including state-by-state data comparing the average poverty rates over two two-year period – 2013-2014 and 2015-2016.