Median income hit record high in 2018 while poverty declined

Median U.S. household income reached $63,200 in 2018, the highest figure on record.

The Washinton Examiner reports:

Median U.S. household income reached $63,200 in 2018, the highest figure on record, new data released Tuesday by the Census Bureau revealed.

The official poverty rate also reached its lowest level since at least 2001, dropping to 11.8% of Americans, or 38.1 million people who are in poverty, according to the Census Bureau measurements. The number of people in poverty in 2018 decreased by 1.4 million people from 2017 levels.

Between 2014-2018, the United States experienced the strongest four-year improvement in the official poverty rate in decades.

With the significant improvements to median income and poverty witnessed from 2015-2017, 2018 was not a particularly unusual year in terms of economic growth trends. It represents the cumulative effort of the economic recovery that started in 2009.

...

California has the highest levels of poverty, with 18.2% of its people, or 7 million, in poverty. This is essentially due to the high cost of living in California versus other states.

In Arkansas, 13.1% of people live in poverty, which is close to the average for the nation (13.2%), while Iowa, with 6.8% in poverty, is the lowest in the country.

15 hours ago

Michigan GOP Lawmakers Demand Investigations Into Whitmer’s Handling Of Nursing Homes As Cuomo Scandal Unfolds

Eight GOP Michigan state senators are demanding an investigation into Gov. Whitmer's handling of COVID-19 in the state's nursing homes

1 day, 11 hours ago

Opinion: Iowa’s governor beat the teachers unions and reopened schools. Here’s how she did it.

Iowa Gov. Kim Reynolds (R) just signed a bill into law that requires every public and accredited private school in her state to offer in-person learning five days a week.

2 days, 9 hours ago

Psaki On Biden Keeping Migrant Kids In ‘Containers’ Versus ‘Cages’: ‘We Only Have A Couple Of Choices’

White House Press Secretary Jen Psaki avoided directly answering questions from Fox News' Peter Doocy about the Biden administration’s detention facilities for children apprehended at the U.S. border

2 days, 14 hours ago

Biden corporate tax hike would cut 159K jobs and lower wages: Tax Foundation

President Biden's plan to increase the corporate tax rate would weaken economic recovery and hurt competitiveness, according to a report from the Tax Foundation.

2 days, 15 hours ago

Massachusetts Officials Announce Plans To ‘Eliminate Remote Learning’ And Return All Elementary Students To Schools

Massachusetts is aiming to return all elementary school students to classrooms for five days a week and “eliminate remote learning” in April

3 days, 12 hours ago

Andrew Cuomo Is Everything the Press Accused Ron DeSantis of Being

It never made any sense to lionize New York’s governor at the expense of Florida’s, except that one had a ‘D’ after his name, and the other didn’t.