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'Fastest ever' leap in US household incomes | 'Fastest ever' leap in US household incomes |
(35 minutes later) | |
Average American incomes rose by 5.2% in 2015, in the fastest increase ever recorded by the federal government. | Average American incomes rose by 5.2% in 2015, in the fastest increase ever recorded by the federal government. |
The annual report from the Census Bureau also found that the poverty rate fell for all racial groups, in the steepest decline found since 1968. | The annual report from the Census Bureau also found that the poverty rate fell for all racial groups, in the steepest decline found since 1968. |
Low income workers received the largest boost, bringing median income levels back to before the recession. | Low income workers received the largest boost, bringing median income levels back to before the recession. |
This was the first recorded rise in American household incomes in eight years - or since the Obama presidency. | This was the first recorded rise in American household incomes in eight years - or since the Obama presidency. |
Figures for Americans who lack healthcare also dropped, as did the poverty rate. | Figures for Americans who lack healthcare also dropped, as did the poverty rate. |
In 2015 there were 43.1 million Americans living in poverty, 3.5 million fewer than in 2014. | In 2015 there were 43.1 million Americans living in poverty, 3.5 million fewer than in 2014. |
Angry US middle classes feel the squeeze | |
The 40-year hurt | |
Real median household income was $56,500 (£42,900) in 2015, the Census Bureau reported, up from $53,700 (£40,700) the year before. | Real median household income was $56,500 (£42,900) in 2015, the Census Bureau reported, up from $53,700 (£40,700) the year before. |
About 2.4 million more Americans have found full-time year-round work in 2015, according to Census officials. | About 2.4 million more Americans have found full-time year-round work in 2015, according to Census officials. |
But median incomes only rose for workers in US cities, and not for rural or farm workers. | But median incomes only rose for workers in US cities, and not for rural or farm workers. |
There is still a large disparity between white and black workers' incomes. | There is still a large disparity between white and black workers' incomes. |
The median household income for black Americans in 2015 was $36,898 (£28,000). The median household income for white Americans was $63,000 (£47,770). | The median household income for black Americans in 2015 was $36,898 (£28,000). The median household income for white Americans was $63,000 (£47,770). |
Income inequality has been a major issue throughout the 2016 campaign. | Income inequality has been a major issue throughout the 2016 campaign. |
Hillary Clinton has promised equal opportunities to all American workers, while Donald Trump says he will be the "the greatest jobs producing president that God ever created". | Hillary Clinton has promised equal opportunities to all American workers, while Donald Trump says he will be the "the greatest jobs producing president that God ever created". |
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