Yesterday the U.S. Census Bureau released itslatest report on e and poverty in the United States. Here are seven figures from the report you should know about:
1. Real median household e increased 5.2 percent between 2014 and 2015—from $53,700 to $56,500. (This is the first annual increase in median household e since 2007.)
2. In 2015 the median e of a married-couple household was $84,626. For a female head of household (no husband present) the median e was $37,797. For a male head of household (no wifepresent) the median e was $55,861.
3. The official poverty rate decreased by 1.2 percentage points between 2014 and 2015.The number of people in poverty fell by 3.5 million between 2014 and 2015.
4.Households in the lowest quintile es of $22,800 or less in 2015.Households in the second quintilehad es between $22,801 and$43,511, those in the third quintilehad es between $43,512 and$72,001, and those in the fourth quintile had es between $72,002and $117,002. Households in thehighest quintile had es of$117,003 or more. The top 5 percentof households in the e distribution had es of $214,463or more.
5. The number of full-time, year-round workers increased by 2.4 million in 2015. The number of men and women working full time, year round with earnings increased by 1.4 million and 1 million, respectively, between 2014 and 2015
6. The real median earnings of men and women who worked full time, year round between 2014 and 2015 increased by 1.5 percent and 2.7 percent, respectively
7. Households within metropolitan areas experienced a 6.0 percent increase in real median household e between 2014 and 2015, from $55,920 to $59,258. The real median e of households inside principal cities of metropolitan areas increased 7.3 percent between 2014 and 2015. The change in median e of households outside metropolitan areas was not statistically significant.