Despite the bigotry and insanity that emanates from this board, we should all celebrate good news.
Between 2017 and 2018:
- Real median family income up 1.2%
- Real median earnings up 3.4%
- Full-time, year-round workers up 2.3 million
- Poverty rate down from 12.3% to 11.8%; childhood poverty fell faster; net 1.4 million people left poverty
- Income in the bottom 80% of households was up significantly, only the top 20% of households saw an income decline, as a result, the Gini coefficient (a measure of income inequality, higher numbers mean more inequality) fell from 0.489 to 0.486
- Usually when the Gini index falls, incomes go down for everyone; it's been 20 years since we've seen this big a decline in the Gini index when incomes went up
https://www.realclearmarkets.com/articles/2019/10/10/the_economic_news_from_the_census_bureau_is_very_good_103941.html?fbclid=IwAR0WwYET9CPXOGZbTcDpqmInH-f2GaKBYJzAWBVVhw3dyVzuGkgcfwyzueg
Between 2017 and 2018:
- Real median family income up 1.2%
- Real median earnings up 3.4%
- Full-time, year-round workers up 2.3 million
- Poverty rate down from 12.3% to 11.8%; childhood poverty fell faster; net 1.4 million people left poverty
- Income in the bottom 80% of households was up significantly, only the top 20% of households saw an income decline, as a result, the Gini coefficient (a measure of income inequality, higher numbers mean more inequality) fell from 0.489 to 0.486
- Usually when the Gini index falls, incomes go down for everyone; it's been 20 years since we've seen this big a decline in the Gini index when incomes went up
https://www.realclearmarkets.com/articles/2019/10/10/the_economic_news_from_the_census_bureau_is_very_good_103941.html?fbclid=IwAR0WwYET9CPXOGZbTcDpqmInH-f2GaKBYJzAWBVVhw3dyVzuGkgcfwyzueg