Michigan’s improvements previous year in poverty and incomes were lower than gains seen nationally and in the Midwest. “It’ll take another year to see that in the data”.
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President Barack Obama’s deputies announced that the median American family’s household income jumped by 5.2 percent in 2015 to $56,516 – but part of the increase is because women are working longer hours.
Yesterday’s Census Bureau report was a major validation for the credibility and reliability of Sentier’s monthly update.
In Florida, which has also recovered slowly from its housing-market collapse, inflation-adjusted median household income fell 6% between 2008 and 2015 to $49,426.
Obama took credit after the Census Bureau reported September 13 the 5.2 percent increases as the largest one-year pop in median household income since the 1960s.
A similar problem afflicts a second measure of median income, from the Consumer Spending Survey, which is released only once a year in April of the next year.
For example, more Detroiters have jobs this year and employment is outpacing the state and country. About two-thirds of MI households are families, which the Census defines as two or more related people sharing a residence.
About 15.2 percent of all people in La Crosse County were below the federal poverty level a year ago – $11,770 for an individual; $24,257 for a family of four – compared to 13.5 percent nationwide. Data based on race refers to people reporting a single race only, and Hispanics are taken into account of any race.
Families where the householder had a bachelor’s degree had a median income of $103,224. Metro Detroit counties – Oakland, Macomb, Livingston and Wayne – didn’t see a significant change in poverty or median incomes. “The poor and the median full-time worker and household were better off at the end of Bill Clinton’s Administration than they are today”. That’s an increase of a little more than 5 percent. Overall, the top 5% of households saw their incomes increase by 0.9%.
Shelby Township resident Karen McCracken, a sales representative for a Metro Detroit manufacturing company, said the news that income in her hometown fell isn’t a surprise to her. “And I know my paycheck hasn’t gotten any bigger”.
Yet from 2005 to 2015, real federal spending in constant 2009 dollars grew nearly 23 percent, rising from $2.7221 trillion to $3.3360 trillion, according to the White House Office of Management and Budget’s Table 1.3. There were 43.1 million people in poverty a year ago, 3.5 million fewer than in 2014.
Liu said he wasn’t surprised the number of whites in Detroit was stable.
“We are celebrating the comeback of midtown and downtown. but this is not a citywide Renaissance”, Metzger said.
The percentage of MI residents on food stamps was 15 percent in 2015 compared to 16.2 percent in 2014 and 18.1 percent in 2011. More Americans are enjoying the security of health insurance coverage, too.
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The nation’s poorest cities with population over 65,000.
