The U.S. poverty rate fell for the second straight year in 2016 while median income rose to an all-time high of $59,000 as the economy made up ground lost during the 2007-2009 recession, federal government data released on Tuesday showed. The lack of meaningful raises has left many people feeling left behind economically, a sentiment that factored into the 2016 elections.
While the median income was the highest ever recorded in a Census Bureau chart that dates to 1967, bureau officials said long-term historical comparisons should not be drawn because of changes in 2014 to the income question in the bureau's Current Population Survey.
The Census data said it changed its income questions in 2014, which makes it hard to make comparisons before that year. Since 1967, however, incomes for those in the top five percent nearly doubled, while the median income has risen by less than one third.
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Irma hit Florida as a Category 4 hurricane on Sunday (10 September), but it has since been downgraded to a tropical storm . At least five people died of storm-related injuries in Florida as the massive hurricane barreled across the Sunshine State.
There are fewer people living in poverty, with 12.7 percent in 2016 compared to 13.5 percent in 2015. The South and the Western regions of the US saw the biggest income increases, while the Northeast and Midwest saw no statistically significant change at all.
Non-Hispanic, white households have a real median income of $65,041, while black households have a median of $39,490.
The poverty rate has returned to pre-recession levels. Hispanics saw their poverty rate fall to 19.4%, down from 21.4%.
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He said this at a gathering with Malaysian students and Malaysians living in the United States, at the Malaysian Embassy here. The prime minister also said his country remains committed to fighting terrorist groups, such as Islamic State and al-Qaida.
And, the share of those without health insurance dropped to 8.8%, down from 9.1% a year earlier.
There was a big difference in the uninsured rate between the 31 states (plus the District of Columbia) that expanded Medicaid under Obamacare and those that did not. This is the first time since the recession that the poverty rate isn't statistically different from the 2007 level of 12.5%, a sign of how the US economy has recovered from the Great Recession. Still, almost 41 million Americans remained in poverty in 2016. In the two years following the end of the Great Recession, median household income fell almost $2,000 to $50,054 in 2011.
"While these numbers reflect incremental improvement, they have not cancelled out peoples' experience with the most recent economic downturn".
Georgia Power customers without power
The county is located in southwest Georgia, where Irma's center was churning northwestward toward Alabama on Monday afternoon. Customers around Savannah, Columbus, Metro Atlanta, etc. are now being affected by the outages.