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Economic Report: Middle-class earnings get first bump since the recession

Boston Globe

Good news on poverty in 2015.

The poverty rate dropped sharply, and median incomes charted their first increase since the Great Recession, according to data released Tuesday by the Census Department.

The official poverty rate fell 1.2 percentage points between 2014 and 2015 to 13.5%, and the number of people in poverty fell by 3.5 million, Census said. The threshold for a family of two adults and two children to be considered living in poverty was $24,036.

Poverty Rate and Number in Poverty: 1959 to 2015: https://t.co/gdJmAb9I2hpic.twitter.com/1nmJbmjtLE

— U.S. Census Bureau (@uscensusbureau) September 13, 2016

Real median household income rose 5.2% during the year, the first annual increase in median household incomes since 2007.

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