Wednesday, September 26, 2018

Business Insider: Middle-class Americans made more money last year than ever before

Sometimes, I wish I had done more looking into being middle-class in America (well for sure being middle-class in Chicago). Doing research on being middle-class or black & middle-class it seems finding some materials - especially news items - can be difficult. Regardless through the FB page of the 6th Ward Republican Organization this article on the middle-class booming in this nation:
America's middle class is booming.

Between 2015 and 2016, US median household income rose 3.2% from $57,230 to $59,039, according to a new reportreleased by the U.S. Census Bureau on Tuesday.

It's now the highest income year on record, beating the previous high of $58,655 in 1999 (all numbers are adjusted for inflation).

The US poverty rate simultaneously declined about 1% to 12.7%, returning to nearly the same level as in 2007, prior to the recession. In total, 2.5 million fewer people were in poverty in 2016 than in 2015.

Plus, almost every demographic group experienced a rise in incomes last year, according to the Census, thanks to more Americans securing full-time and better-paying jobs — a total year-over-year rise of about 2.2 million workers.
Now I look forward to any article from our local news outlets letting us know of a "booming" middle-class in the city. Especially on the south and west sides of Chicago. Will any of the aspirants for the mayor's office talk about keeping middle-calls people in the city?

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