U.S. Households’ Income Shows Biggest Jump Since Recession
- Median inflation-adjusted household income rises 5.2% in 2015
- Job gains boosted level of wages as labor market stays strong
America Gets a Raise as Incomes Jumped 5.2% in 2015
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Americans’ incomes jumped in 2015 by the most since the last recession and the poverty rate fell, signs of U.S. economic health that could potentially boost Democratic candidates this year.
Fresh yearly data from the U.S. Census Bureau showed median, inflation-adjusted household income rose 5.2 percent to $56,516 in 2015, the highest level since $57,423 in 2007, when the recession began. Gains were spread across the income spectrum and by race, while women’s earnings inched closer to men’s.