Canadian incomes rise, but not all provinces are seeing equal growth

Also noteworthy in MI, the rates of poverty and people without health insurance continued to drop in 2016, according to census data.

The bureau's data also shows that the poverty rate fell by 0.8 percent past year, to 12.7 percent - which is to say, 2.5 million Americans escaped poverty, while 40.6 million remained mired in it, despite living in the wealthiest country in human history. The median household income was $59,000 in 2016, an increase of 3.2 percent.

More than 40.6 million people in the United States were living in poverty past year, 2.5 million fewer than in 2015 and 6.0 million fewer than in 2014, Census said. That's in large part due to the past two years of positive boosts, the report said.

And while the poverty rate has been dropping since it peaked at 11.4 percent in 2013, it is still about 2 points higher than in 2007, the low point of the past decade, when just 8.6 percent of New Jerseyans were considered poor.

In the United States, family incomes are up, the poverty rate is down, and the number of people covered by health insurance has improved. By one alternative yardstick, known as the supplemental poverty measure, the percentage of people in poverty rose slightly in the state, from 15.1 percent to 15.3 percent, according to data the census released on Tuesday.

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The number of those living in poverty is actually higher than reported because the Census Bureau uses an "antiquated" system to measure the total, said Jennifer Jones Austin, executive director of FPWA, an anti-poverty and advocacy umbrella group based in lower Manhattan.

American household incomes rose strongly for the second straight year in 2016, as the long-running economic recovery generated broad gains in prosperity.

The Current Population Survey, sponsored jointly by the Census Bureau and Bureau of Labor Statistics, is conducted every month and is the primary source of labor force statistics for the US population; it is used to calculate the monthly unemployment rate estimates. That contrasts with white households at 2.0 percent ($65,041) and a 4.3 percent jump for Hispanic households ($47,675). Now, that said, adjusted for inflation, middle American households are still at about the same income level as they were in 2007 just before the Great Recession.

The report also breaks down median incomes, earnings, poverty, by region, race, sex, ethnicity, and age. Nonfamily household's medium income was $35,761, which was an increase of 4.5 percent.

Middle-class households are only now seeing their income eclipse 1999 levels. Their median household incomes were also lowest of racial and ethnic groups at $39,490. But it's important for observers not to conflate record median income with record living standards. Real median income for foreign-born households was $55,559 in 2016, lower than the median income of $59,781 for native-born households.

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"They have borne the brunt in the decline of employment there, but I can't really predict what will happen in the coming future".

The median earnings for all men employed year-round was $51,640 in 2016, which is still far below the $54,030 earned by full-time men in 1973.

In 2016, there was no significant change in America's income inequality, as measured by the Gini coefficient.

Children living in resource-rich Alberta, where commodity prices fuelled some of the largest gains in median incomes nationwide, were less likely to live in low-income conditions than anywhere else in Canada - only 12.8 per cent of kids there were living in poverty.

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(Copyright © 2015. All Rights Reserved.)
 
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