Middle-Class Americans Made More In 2016 Than Ever In US History


In other words, the post-recession economic gains the middle class made under President Obama now look more likely to stall or reverse than continue or increase. But many experts said that is so because of other factors, such as men working longer and women leaving the workforce to have and raise children.

About 47 percent of Syracuse children under age 18 lived in poverty a year ago, including 49 percent of children under age 5.

The Census figures appear to show that median income is at an all-time high, surpassing the 1999 record of $58,665.

Meyer and Sullivan analyzed more than 50 years of data from the Bureau of Labor Statistics' Consumer Expenditure Survey for their report.

In 2016, median household incomes increased for all of the state's major racial and ethnic groups.

However, the county still has one of the lowest median household incomes in southwest Ohio.

Still, a wide swath of Americans have benefited from the strengthening economy.

Tuesday's report that median household income (adjusted for inflation) made a healthy climb past year, surpassing its 1999 peak, doesn't come as a surprise. The changes in incomes of households in the Northeast and Midwest were not statistically significant.

Meanwhile, the percentage of seniors living in poverty rose between 2005 and 2015, when 14.5 per cent of Canadians over 65 were living below the low-income measure, an increase from the 12 per cent recorded in 2005. And at the same time, the poverty rate was down in 2016 and fewer Americans were without health insurance.

However, poverty on a national level has still not recovered to pre-recession levels.

Middle-Class Americans Made More In 2016 Than Ever In US History

MCEVERS: And we're talking about, though, this improvement in the year 2016.

Low points were 11.1 in 1973, 11.2 percent in 1974 and 11.3 percent in 2000. Hispanics saw their poverty rate fall to 19.4%, down from 21.4%.

Much of that increase can be attributed to the spike in commodity prices over that 10-year period, helping resource-rich regions like Nunavut, Saskatchewan, Alberta and Newfoundland and Labrador post increases twice or three times the national average.

And, the share of those without health insurance dropped to 8.8%, down from 9.1% a year earlier.

Not only did incomes go up nationwide, but the share of uninsured Americans and the share of Americans facing serious financial hardship declined. Children in the Brownsville and McAllen area live in poverty at nearly twice the rate of the state overall.

The number of people without health insurance also declined by 900,000 to 28.1 million.

It is no secret, he explained, that sectors disproportionately populated by men, such as manufacturing, have been battered over the last decade. The rest had Medicare, Medicaid or military coverage.

Another Census Bureau report, the Supplemental Poverty Measure: 2016, was also released Tuesday.

"Upstate New York is definitely the hot spot for this trend", said Tom Hirschl, co-author of the 2014 book, "Chasing the American Dream: Understanding What Shapes Our Fortunes".

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