Middle-class Americans made more money in 2016 than ever before
Sep 15 2017
But Trump also has proposed cutting federal assistance for low-income households and rolling back the Affordable Care Act, which has provided health insurance to millions more Americans.
(1) The increase in the median household income was powered by increases in employment, not in wage growth. That also was the second consecutive year of a decline in the nation's poverty rate.
The poverty rate dropped to 12.7 percent in 2016 from 13.5 percent in 2015.
The percentage of people without health insurance coverage for the entire 2016 calendar year was 8.8 percent, down from 9.1 percent in 2015.
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.
Upstate New York was close behind, with three cities ranking among those with the highest poverty rates.
- Despite the second-lowest median income level in Canada, Quebec (14.3 per cent) was second only to Alberta (12.8 per cent) in having the lowest percentage of children in low-income households, thanks to lower child care costs and richer child benefits than elsewhere. Both of those are increases over the previous year.
The census data are based on surveys, so they have margins of errors.
Among the race groups, Asian households had the highest median income in 2016 ($81,431). That's due in part to a large student population: more than 36 percent of those older than 3 with poverty-level incomes were enrolled in college or graduate school.
Household income has surpassed a peak set in the late 1990s.
- A struggling manufacturing sector held median income growth in Ontario and Quebec to just 3.8 per cent and 8.9 per cent, respectively. This was the first time the female-to-male earnings ratio has risen since 2007, and there were an estimated 74.8% of working men with earnings and 62.2% of working women with earnings worked full time.
The Gini index was 0.481 in 2016; the change from 2015 was not statistically significant.
"The nation's still sky-high poverty is a human-made disaster of epic proportions", said Joel Berg, CEO of Hunger Free America. "Some people are doing very well, and many people with higher educations are doing very well with income and wealth".
In states that didn't expand Medicaid coverage, the uninsured rates for adults in poverty is nearly double that found in states that did expand coverage, such as California.
It's another layer on the paint-by-numbers portrait Statistics Canada began in February with a population boom out West, which saw a commensurate spike in the number of households. This means that in 2016 the number of part-time employees actually declined by 1 million.
- · The poverty rate for Hispanics decreased to 19.4 percent in 2016, down from 21.4 percent in 2015.
Poverty in some South Texas metro areas, which are home to predominantly Hispanic communities, was roughly double the state figure. In Laredo, which had the highest share, 45 percent of children live in poverty. If millions of Americans lose their health insurance, for example, or are forced to pay more for their plans, that will have a negative impact on just how far $59,039 can go.