Median household income is $59039, new US Census Bureau report says


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.

Duggan cited partnerships with major employers, job training programs and expanded bus service that helps people get to jobs.

It was the highest income level on record, but changes to the Current Population Survey questionnaire in 2013 prevent any definitive historical comparison, census officials said. While incomes are increasing, lower income households aren't recovering as quickly. The official poverty measure dropped to 12.7 percent, down from 13.5 percent last year, and 14.8 percent the year before that. Older millennials (aged 25 to 34 years) also saw respectable growth to their median incomes. Black households saw their median income rise almost 6 percent, and Hispanic households more than 4 percent - both better than the national average.

The bureau also said 28.1 million people in the United States, or 8.8 percent, lacked health insurance coverage in 2016 compared with 29 million, or 9.1 percent, in 2015. MA was the state with the lowest percentage of uninsured people, at 2.5 percent and the highest was in Texas, where 16.6 of the population was uninsured.

Virtually everywhere you look in Tuesday's census release, you find the same mix of positive news and worrying undercurrent.

The median household income increased nationwide between 2015 and 2016, from $57,230 to $59,039 - the second consecutive annual increase in income.

The data showed that the ranks of those with health insurance coverage continued to grow a year ago. This is also the second year in a row the poverty rate reduced.

For instance, the poverty rate for New Jersey blacks and Hispanics is more than double that of non-Hispanic whites, although that gap has closed a bit since 2007.

Other data in the report shows that the nation's poverty rates have barely budged since the 1960s, although many people in the United States are wealthier than many people n Europe.

Of those with coverage past year, just over two-thirds of Americans had private insurance, mostly from their employers.

The differences between the 2015 to 2016 percentage changes in median income for non-Hispanic white, black, Hispanic, and Asian households were not statistically significant, as well.

Government experts define poverty as an income under $24,563 for a family of four.

Moves like this are a concern, as it could deter people from signing up or re-enrolling, said Ashley Blanchard, public policy and research analyst for BCAC Lifebridge, which advocates for the well-being for children and families in Bridgeport. Gould noted that since 1973, the median man working full time, year round, has seen no sustained wage growth.

The sudden flatline followed a 31 percent rise in all men's median wages from 1960 to 1972. The share of uninsured Americans has dropped in all 50 states since the Affordable Care Act went into effect in 2014.

The economic expansion that began in mid-2009 is now the third longest in USA history, though the pace of growth has been modest by historical standards.

On the economic front, 2016 was a year of modest improvements for Texas residents.

In 2017, the number and percentage of shared households remained higher than in 2007, the year before the most recent recession.