Published: Fri, September 15, 2017
Global Media | By Abel Hampton

Household Incomes Rose to Record in 2016 as Poverty Fell

Household Incomes Rose to Record in 2016 as Poverty Fell

And while most economists think it is too early in Trump's term for his administration to have a measurable effect on the economy, there are real doubts about whether he will be able to enact his agenda, particularly after his health-care effort died in the Senate. Detroit, Shelby Township and Wyoming were the only large communities in MI to see significant increases in median household income between 2015 and 2016. Some 40.6 million of people were in poverty a year ago, 2.5 million fewer than in 2015.

A single parent with three or more kids was 3.5 times more likely to live below the poverty line than a family with three or more kids but two parents.

Overall, the poverty rate fell from 14.8 percent in 2014 to 12.7 percent in 2016, a drastic decrease.

On the surface, Census Bureau data released Tuesday showed little change in the gap between rich and poor because the traditional measure of income inequality - the Gini index - was basically steady from 2015 to 2016.

Under the official poverty measure, meanwhile, 14.5 percent of California residents lives in poverty, down from 15 percent.

Syracuse's 2016 poverty rate was 13 worst in the United States, the Census Bureau reported today. This is the second consecutive annual increase in median household income for both types of households.

The Current Population Survey, sponsored jointly by the Census Bureau and Bureau of Labor Statistics, is conducted every month and is the primary source of labor force statistics for the USA population; it is used to calculate the monthly unemployment rate estimates.

The U.S. Census Bureau tracks many economic readings, and one that hits home for every American is how much income each person makes.

"The challenge for policymakers now is to build on the last few years' progress and not worsen poverty and inequality", said Robert Greenstein of the Center on Budget and Policy Priorities, a liberal research organization. Among Michigan's larger counties - Grand Traverse and Muskegon saw an increase in poverty, while 4 counties posted declines in poverty rates in 2016. New Jersey's median income ranked third in the nation, behind Maryland and Alaska.

• The difference between the 2015 to 2016 percentage changes in median income for households in all regions were not statistically significant.

But Michael Tanner, senior fellow at the conservative Cato Institute, says federal aid programs "are making poverty less miserable but they're not enabling people to rise above poverty".

The median earnings for all men employed year-round was $51,640 in 2016, which is still far below the $54,030 earned by full-time men in 1973. 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. Expansion states had an average uninsured rate of 6.5%, while the average rate in non-expansion states was 11.7%. The coefficient in 2016 measured 0.4813, compared with 0.4832 in 2015.

What really matters for Americans is that incomes aren't only going up, they're also outpacing inflation.

Flint, Mich., remained the city with the highest poverty rate in the nation, with an estimated 44.5 percent of its population living in poverty, up from 40.8 percent in 2015.

Growth in incomes isn't always tied to more people, Statistics Canada is quick to note.

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