US Economy Finally Benefits People Who Aren’t Top 1%

It took a few years but median incomes in the US are finally starting to rise. The Census Bureau reported a 5.2% annual increase in household income, the fastest rate since they started keeping track. The poverty rate also dropped by more than 1% to 13.5%. Don’t bust out the champagne quite yet, though. Median incomes are still lower than they were in 2007 before the recession and below their 1999 peak. The whole “anti-establishment fury” tends to make sense when you think about how incomes have essentially come down despite 15 years of “economic growth.”