MI is one of 23 states where poverty rates declined between 2014 and 2015.
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According to the U.S. Census Bureau’s American Community Survey, household income in San Diego County rose slightly to $67,300 in 2015, up from $61,430 in 2013. SC now has the twelfth-highest poverty rate in the nation – which saw its overall poverty rate decline from 14.8 percent to 13.5 percent. More than 8 million families were in poverty a year ago, down from 9.5 million in 2014. The median household income is now higher than when President Obama took office in 2009, but it still languishes below the peak of $57,909 in 1999, during the Clinton administration.
To identify America’s most and least educated states, 24/7 Wall St. reviewed the percentages of adults who have completed at least a bachelor’s degree in each state from the U.S. Census Bureau’s 2015 American Community Survey (ACS).
The Current Population Survey says that median household incomes went up by an inflation-adjusted 5.2 percent in 2015, the largest rise since records began in 1967.
Median incomes in the city of Milwaukee improved to $37,495, a 7 percent increase from 2014.
Connecticut’s median household income was $71,346 in 2015 and the US national average is $56,000.
What’s more, the gain was the first statistically significant increase since 2007 – although incomes still remain 1.6% below that pre-recession level.
“This is the recovery”.
The Census Bureau also reported that the number of people without health insurance for the entire year declined to 29 million from 33 million in 2014. (Notably, though, none is in the Midwest.) Income growth tended to be higher in cities with lower median incomes, a sign that economic prosperity may be spreading geographically. “It’s certainly well above inflation”, Kinghorn said. About 13,000 less Black Minnesotans lived in poverty in 2015 than in 2014, too.
In 2011, the local food bank network was distributing just over 5 million pounds of food.
The index, which ranges between zero and 1 – with 0 representing ideal equality and 1 representing total inequality – edged upward for Nevada as a whole from 0.43 in 2014 to 0.45 a year ago.
Rising income is not just a one-year spike in El Paso.
“But it’s also important to keep in mind that there’s a lot of people who have been left behind by the booming economy of the Bay Area”, she said. “That means that the wages are going up”. “Actually, last year’s drop in the official poverty rate in California was the largest we’ve seen during this economic expansion”.
“That resulted in a big change in the percentage of Americans living below the poverty line”, Harper said.
“The state has made a decision to be competitive on the basis of wages”, says Faucher. “But you look at a neighboring or other Southern no-income tax state such as Texas and theirs is $54,000 for the median household income, so there are still challenges for Florida”.
Hughes said that despite New Jersey lagging behind the rest of the country in economic improvement in the report, he expects progress to continue in the state.
“Aside from troubling news about Kentucky’s child poverty rate, our elected leaders have started to address the problems facing children in poverty and that is something we should lift up”.
Middle class Americans received a big raise in 2015.
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Stock also said he expects this trend to continue.
