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Politics : Formerly About Advanced Micro Devices
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From: zax9/13/2016 10:36:44 PM
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Don Hurst

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Thank you, president Obama! U.S. Incomes Surged in 2015 at Fastest Rate in Decades

U.S. Household Income Grew 5.2 Percent in 2015, Breaking Pattern of Stagnation

By BINYAMIN APPELBAUM SEPT. 13, 2016

WASHINGTON — Americans last year reaped the largest economic gains in nearly a generation as poverty fell, health insurance coverage spread and incomes rose sharply for households on every rung of the economic ladder, ending years of stagnation.

The median household’s income in 2015 was $56,500, up 5.2 percent from the previous year — the largest single-year increase since record-keeping began in 1967, the Census Bureau said on Tuesday. The share of Americans living in poverty also posted the sharpest decline in decades.

The gains were an important milestone for the economic expansion that began in 2009. For the first time in recent years, the benefits of renewed prosperity are spreading broadly.

nytimes.com
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