September 13, 2016, New York Times
U.S. household incomes surged 5.2 percent in 2015, the first gain since 2007. The U.S. Census Bureau’s 2015 annual report on income, poverty, and health insurance in the United States brought this good news to the nation. This announcement is both of great importance to the nonprofit sector and fraught with implications for the presidential campaign.
The data is based on information collected in the 2016 and earlier Current Population Survey Annual Social and Economic Supplements (CPS ASEC). The gains for the middle class and poor were both broad and deep.
The White House website sums up the report this way: “In 2015, household income grew at the fastest rate on record, the poverty rate fell faster than at any point since 1968, and the uninsured rate continued to fall.”
“We lifted three and a half million people out of poverty, the largest one-year drop in poverty since 1968,” President Obama said on Tuesday at a rally in Philadelphia for Mrs. Clinton. “The uninsured rate is the lowest since they began keeping records. The pay gap between men and women shrank to the lowest level on record.”
The Census Bureau annual report offers these specifics:
- This is the first annual increase in median household income since 2007.
- The number of full-time, year-round workers increased by 2.4 million in 2015.
- The official poverty rate decreased by 1.2 percentage points between 2014 and 2015.
- The number of people in pover