via RealClear Market by Aaron Brown
Between 2017 and 2018:
· Real median family income up 1.2%
· Real median earnings up 3.4%
· Full-time, year-round workers up 2.3 million
· Poverty rate down from 12.3% to 11.8%; childhood poverty fell faster; net 1.4 million people left poverty
· Income in the bottom 80% of household
Income in the bottom 80% of households was up significantly, only the top 20% of households saw an income decline, as a result, the Gini coefficient (a measure of income inequality, higher numbers mean more inequality) fell from 0.489 to 0.486
· Usually when the Gini index falls, incomes go down for everyone; it’s been 20 years since we’ve seen this big a decline in the Gini index when incomes went up
The complete story here > The Economic News From the Census Bureau Is Very Good