Wednesday, September 14, 2016

Census Bureau Releases “Best Report Ever”!

Yesterday, the U.S. Census Bureau released an incredible report with new data on the American economy. The report measures growth in three sectors: real median household income, national poverty rate and the percentage of people without health insurance coverage.

For the first time since 2007, before the start of the recession in 2008, real median household income increased! Between 2014 and 2015, real median household income expanded by 5.2% from $53,718 to $56,516!

The 2015 national poverty rate was 13.5%, a 1.2% decrease since 2014 and the largest percentage point drop in poverty since 1999! As of 2015, 43.1 million people were in poverty, a definite upswing from 2014’s 46.6 million.

In 2014, the number of people without health insurance coverage was 33.0 million. 2015 was recorded at 29.0 million, 1.3% down from 2014’s 10.4%!

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1 comment:

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