Obama's steady hand has driven the economy further towards recovery and prosperity up from the lowest point in modern history when he first took office. With nearly 8 years of steady improvement, it’s undeniable that we are on the right course.
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The most recent US Census Bureau Report shows that in 2015 Median Incomes rose by 5.2% and the poverty rate dropped by 1.2%. This indicates a long term turn around from the Bush era.
Summary of findings:
• Real median household income increased 5.2 percent between 2014 and 2015.1 This is the first annual increase in median household income since 2007.
• The number of full-time, yearround 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 poverty fell by 3.5 million between 2014 and 2015.
Bravo, President Obama!
This of course is also excellent news for Hillary’s candidacy.
Median household income rose to $56,516 in 2015, up 5.2% from a year earlier, according to data released by the U.S. Census Bureau Tuesday. It marks the first increase in median income since 2007, the year before the Great Recession started.
Also, the poverty rate ticked down to 13.5% in 2015, from 14.8% a year earlier.
The data is sure to become a talking point in the 2016 presidential election. Donald Trump has repeatedly hammered home that income is $4,000 lower than it was in 2000. (That's true if you are comparing it to 2014 data, which had been the most recent available. But Trump often referenced it as current figures, which makes it false.)
Hillary Clinton, meanwhile, will likely use the uptick to show that the economy is recovering.
Median income: The jump in median income was one of the largest annual increases Census has recorded. The growth was also widespread, with geographic regions and races (except for Asians) seeing increases. money.cnn.com/...