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Tue Sep 10, 2019, 02:25 PM

Americans' Income Barely Inching up Despite Economic Growth

•Median U.S. household income stood at about $63,200 last year, statistically unchanged from 2017, according to new Census data.
•The data suggest that two decades of economic expansion has failed to translate into significant gains for the typical family, as median household income has increased just 2.7% since 1999.
•The percentage of Americans without health insurance rose last year, reflecting the first annual increase since 2009.

BY AIMEE PICCHI
SEPTEMBER 10, 2019 / 1:34 PM / MONEYWATCH

Americans' household income is barely rising despite ongoing economic growth and low unemployment, a sign the typical family is failing to see significant gains from what has been a record-long expansion.

The median household had income of $63,179 in 2018, not statistically different from the 2017 median, the Census Bureau said. On an inflation-adjusted basis, Americans families are earning just 2.7% more than they did in 1999, when median household income stood at $61,526, or 2007, when the median household income was about $61,000.

The data illustrate why 4 in 10 Americans sometimes face what economists call "material hardship," struggling to pay for basic needs such as food and housing. While income has barely inched upwards during the past two decades, costs for essentials such as health care and housing has soared, pinching budgets for many Americans.

more...

https://www.cbsnews.com/news/us-census-data-median-income-for-americans-was-flat-last-year-despite-economic-growth/

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Reply Americans' Income Barely Inching up Despite Economic Growth (Original post)
RCW2014 Sep 10 OP
quad489 Sep 10 #1
Bob the Bilderberger Sep 10 #2
Dumper Wednesday #9
foia Sep 10 #3
Paradigm Sep 10 #4
RCW2014 Sep 10 #5
oldenuff35 Sep 10 #6
uncledad Sep 10 #7
Dumper Wednesday #8

Response to RCW2014 (Original post)

Tue Sep 10, 2019, 02:56 PM

1. If only they would've gotten that $2500/yr savings on HC insurance premiums 0bama promised them...

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Response to RCW2014 (Original post)

Tue Sep 10, 2019, 03:20 PM

2. How much did it "inch up" under Obama?

Oh that's right. It didn't.

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Response to Bob the Bilderberger (Reply #2)

Wed Sep 11, 2019, 12:42 PM

9. Bingo!

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Response to RCW2014 (Original post)

Tue Sep 10, 2019, 03:21 PM

3. According to NYT, low wage workers are doing pretty well

https://www.nytimes.com/2019/05/02/business/economy/wage-growth-economy.html

Average hourly earnings in April were 3.2 percent higher than a year earlier, the ninth straight month in which growth topped 3 percent, the Labor Department reported Friday.

Other measures diverge on the exact timing and rate of increase, but not on the basic trend: Wage growth, long stuck in neutral, has at last found a higher gear.

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Response to RCW2014 (Original post)

Tue Sep 10, 2019, 03:37 PM

4. CBS. Lol.

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Response to Paradigm (Reply #4)

Tue Sep 10, 2019, 04:07 PM

5. Paradigm. lol

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Response to RCW2014 (Original post)

Tue Sep 10, 2019, 08:40 PM

6. They should have bought gun stocks when Obama was elected. He did a great job of making me money.

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Response to RCW2014 (Original post)

Tue Sep 10, 2019, 10:51 PM

7. The White House is making a promise:

The average American family would get a $4,000 raise under President Trump's tax plan.

https://www.denverpost.com/2017/10/16/trump-tax-cuts/

And the check from Mexico is in the mail....

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Response to RCW2014 (Original post)

Wed Sep 11, 2019, 11:44 AM

8. SCORE One for the Chicken Little MSM and their DNC partners!

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