Finally, it's like the recession never happened for middle-class American families

American families finally earn more than they did in 1999

Median US Household Income Up for 2nd Straight Year; Tops '07 Level

"The decline in the unisured is clearly the effect of the Affordable Care Act, and this is particularly pronounced in states that expanded Medicaid coverage", said John Rizzo, the Long Island Association's chief economist and a professor of health economics at Stony Brook University.

The figure is part of the latest data on income and poverty in the United States released Wednesday (Sept. 13) by the U.S. Census Bureau. A fresh report from the bureau showed that USA household income and earnings rose to a record median reading in 2016.

More than 40.6 million people in the United States were living in poverty past year, 2.5 million fewer than in 2015 and 6.0 million fewer than in 2014, the Census said. That also was the second consecutive year of a decline in the nation's poverty rate.

The poverty rate in 2016 was 12.7 percent, down from 13.5 percent in 2015 and roughly equal to its pre-recession level in 2007. New Jersey was one of 14 states where this measure rose in 2016, and now has the ninth-highest supplemental poverty rate in the nation.

The median household income - meaning half of households took home more and half took less - rose to about $54,823, according to estimates from the American Community Survey released Thursday.

In all but the largest states, the margin of error around the income numbers is in the $1,000 to $3,000 range. Now, that said, adjusted for inflation, middle American households are still at about the same income level as they were in 2007 just before the Great Recession.

Households led by Asian Americans held a median income of $81,400 a year, the highest of any ethnic group, the bureau said.

Despite an overall rise in income, escalating inflation means British Columbians are earning less now on average than they were a decade ago. The U.S. median household income was $57,617 in 2016. For example, if a billionaire were to move into a middle-class neighborhood, median income - the exact midpoint of households in the area, at which half earn above and half earn below - would remain basically the same. So really, when you zoom out, not much improvement in this century for those middle-income households.

CT is the second-highest-earning state, with a median household income of $75,923.

It shows median income, which is the midpoint of the income scale. Real median income for foreign-born households was $55,559 in 2016, lower than the median income of $59,781 for native-born households. The gender pay gap narrowed for full-time women workers in 2016 to 80.5% of men, compared with 79.6% in 2015. So not only did full-time jobs account for the entire net increase in employment in 2016, but part-time workers began to upgrade to full-time hours.

• The “Gini index” was 0.481 in 2016; the change from 2015 was not statistically significant.

The increased number of older Americans living in poverty could be due to the aging of the baby boomer generation, Americans born between 1946 and 1964. Without considering cost-of-living, California ranks 16th in the country, with an "official" poverty rate of 14.5 percent, just slightly over the national average.

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