Income inequality and wage stagnation have plagued most American Households in the post-recession years, crimping family budgets at a time when the cost of essentials such as health care have risen sharply.
In his presidential campaign, Donald Trump appealed to many voters who are feeling the effects of these trends with his pledge to boost economic growth to at least 3 percent annually and to spur the creation of manufacturing jobs.
In the post-recession economy, the fortunes of the top 1 percent of income earners sharply increased while wages for lower-income households stagnated or fell.
It's important to note the Census data reports on 2016 income and poverty rates, which means the information doesn't reflect the policies of Mr. Trump, who was inaugurated in January 2017.
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- American household income finally topped 1999 peak last yearWTOP
- The Awful Irony of Obama's Economic RecoverySlate Magazine
- US poverty rate falls, median income rises in 2016 -CensusAOL
- Poor, middle class saw solid gains last year, but we'll need better policy to ...Washington Post
- Median household incomes hit new record high in 2016, finally eclipsing 1999 ...Washington Examiner
- Chart of the Day: Household Income Finally Beats 1999 RecordMother Jones