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New Mexico income rises, but growth is nation’s third-lowest

Median household incomes in Palm Beach, Miami-Dade and Broward counties all rose more quickly in 2015 than they had in recent years, when adjusted for inflation, the U.S. Census Bureau reported. But poverty is still prevalent across the state, particularly among children and on the border.

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The Census Bureau report notes that households in metropolitan areas saw a 6.0% increase in median incomes from $55,920 in 2014 to $59,258 in 2015.

Of course Obama neglected to mention that much of these income gains were illusory – because they were immediately sucked up by massive increases in health care spending (thanks to his imploding socialized medicine plan). Households at the bottom 10 percent of the economic ladder saw a 7.8 percent increase in income a year ago, while the top 10 percent in income had a 2.9 percent gain.

The good news was a surprise, given that economic recovery during the Obama Administration, now in its 87 month, has been the slowest economic expansion since 1949 and the poverty rate is still at 2008 levels. The census determines poverty based on income and family size. She said “the lack of affordable housing and public transportation, coupled with the high cost of living, creates many barriers” for those in poverty.

For 2015, the USA government considered a family of four to be in poverty if it’s income was less than $24,250.

Household incomes in the US jumped by a record amount in 2015, which also saw the biggest drop in poverty levels recorded since 1999. The only metro areas that have a higher percentage of people living in poverty are Detroit, Phoenix, Miami and Riverside.

Suffolk showed a statistically significant drop in those without coverage since 2014, when 7.6 percent were without coverage. Children in South Texas, who are predominantly Hispanic, live in poverty at about twice the rate of the state overall.

The national poverty rate was 14.7 percent, down 0.8 percent from 2014. It’s also one of the largest one-year increases ever seen. The 1.2 percentage point decrease in the poverty rate from 2014 to 2015 represents the largest annual percentage point drop in poverty since 1999, when the economy was quite strong.

The report’s positive data also failed to show that many poor, Black and Latino citizens still struggle to find jobs – which in turn makes it harder to put food on the table. Earnings jumped by 1.5% for men between 2014 and 2015, while women saw their pay climb by 2.7%, narrowing the gender wage gap.

The median household income for Florida is 10percent below where it was in 2007.

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“2015 is probably going to go on record as another year of increasing income inequality”, he said.

Income and Health Insurance Coverage in the US Rise, Poverty Drops