Democrats bad for the economy? They’ll just tax and spend and that will hurt average people? Not so much by the look of it:
The following article by Jim Tankersley was posted on the Washington Post website September 13, 2016:
The incomes of typical Americans rose in 2015 by 5.2 percent, the first significant boost to middle-class pay since the end of the Great Recession and the fastest increase ever recorded by the federal government, the Census Bureau reported on Tuesday morning.
In addition, the poverty rate fell by 1.2 percentage points, the steepest decline since 1968. There were 43.1 million Americans in poverty on the year, 3.5 million fewer than in 2014.
The share of Americans who lack health insurance continued a years-long decline, falling 1.3 percentage points, to 9.1 percent.
The numbers, from the government’s annual report on income, poverty and health insurance, suggest the recovery from recession is finally beginning to lift the fortunes of large swaths of American workers and families. Continue reading “Middle class incomes had their fastest growth on record last year”