Wednesday, September 14, 2016
Russell Sage President Says He Is Optimistic on Poverty and Income Issues
The economic recovery is finally providing relief to America's long-running problem of stagnant middle-class incomes.
The Census Bureau's unexpectedly-rosy annual report on poverty and incomes, released Tuesday, showed the biggest improvement in decades on both fronts.
Healthy job growth, coupled with moderate wage gains, lifted the median household income to $56,500 last year, up 5.2%, or $2,800, from 2014. It was the sharpest annual increase on record.