Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Middle-class income grew faster in 2015 than any year on record

 


The incomes of typical Americans rose in 2015 by 5.2 percent, the first significant boost to middle-class pay since the end of the Great Recession and the fastest increase ever recorded by the federal government, the Census Bureau reported Tuesday.

In addition, the poverty rate fell by 1.2 percentage points, the steepest decline since 1968. There were 43.1 million Americans in poverty on the year, 3.5 million fewer than in 2014.

The share of Americans who lack health insurance continued a years-long decline, falling 1.3 percentage points, to 9.1 percent.

http://www.startribune.com/middle-class-income-grew-faster-in-2015-than-any-year-on-record/393265671/

 

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