Household incomes rise to new high, but rate of health coverage flattens

Household incomes rise to new high but rate of health coverage flattens

Previous year marked the first time ever that middle-class incomes were above $60,000.

But by other measures, the USA economy is still not working for everyone.

The Census Bureau's report on income and poverty in the USA showed median household income rising 1.8 percent to an inflation-adjusted $61,372 in 2017, increasing for the third consecutive year.

Although the household income level is considered to be the highest ever recorded, census officials say it is about the same, when adjusted for inflation, as in 1999 and 2007. Median household income is generally viewed as the best gauge of how a typical middle-class home is faring financially.

But while the median household income for white, non-Hispanic households rose 2.6 percent to $68,145 in 2017 and rose 3.7 percent to $50,486 for Hispanic households, it fell 0.2 percent to $40,258 for African-American households. The percentage of Americans without health insurance was essentially unchanged from 2016 to 2017 - staying at about 8.8 percent, or 28.5 million people - despite the overall economic boom.

Real Madrid enter the race for De Jong
He told Spanish publication AS : 'Barcelona can return in January if they want, but no player will leave'. The Reds midfielder has witnessed De Jong's ability at close range in the Holland squad this week.

Beats adds headphone color options to match new iPhone XS and XR
Alternatively, consumers can purchase the Lightning to 3.5mm audio dongle from Apple's official website for a cool price of RM49. The bigger question is whether you consider the iPhone XR's $750 a reasonable price for a new iPhone that isn't its top flagship.

Paulo Dybala offer made? Owner says striker will leave Juventus
He'll go because Juventus want to earn €100-120 million and I think he'll leave in January. "He has offers from Spain and England ", he added.

FILE PHOTO: A sign advertises open jobs at an Embassy Suites hotel in Waltham, Massachusetts, U.S., December 13, 2017.

Much of these gains in household income and workforce participation come as the economy's strength continues to climb in 2018.

The stunning report says the median USA household income reached $61,372 a year ago, meaning half of Americans are earning more than they did during the previous high reached in 1999.

The Census also reported that the USA poverty rate declined modestly to 12.3 percent, the lowest level in years and a sign the economic devastation from the Great Recession is subsiding.

Related News:

Most liked

The Last Remnant gets remastered on PS4 this December
Below you can enjoy the trailer for the North American market, alongside a batch of screenshots showing the enhanced visuals. Last week, Square Enix discontinued physical and digital sales of its last-gen JRPG, The Last Remnant , on PC.

European Court rules United Kingdom surveillance program violated human rights
The European Court of Human Rights ruled that some aspects of British surveillance regimes violated the European Convention on Human Rights.

Florence Shifts, Taking Southerly Route Closer To Charlotte
"We know that this is an extremely unsafe situation", Cooper told "CBS This Morning" on Thursday. "This storm is a monster. The tornado threat will then continue through Friday and possibly Saturday in some locations.

Jose Mourinho is a big fan of Marcus Rashford, says Gareth Southgate
Lukaku has been in fine form in recent weeks, and he has netted six goals in five games for both club and country. Rashford claimed nine goals in 21 appearances in that first half-season but he has since endured fallow periods.

Erdogan takes wheel of Turkish wealth fund
The lira's deterioration has affected the currencies of other emerging markets as investors sought refuge within the dollar. Growth slowed to an annual rate of 5.2% in the second quarter, from the first quarter's 7.4%.

IPhone XR: Apple unveils iPhone XR starting at £749
As you can see, however, this deal is only good for a limited time, and only applies to iPhone XS models. And, Schiller said, the XS line-up features 'the most handsome iPhone we've ever made'.

Mobile doubles down on 5G, signs deal with Ericsson this time
Both European vendors have undoubtedly benefited from the USA clampdown on Chinese rivals Huawei Technologies Co. Meanwhile, Ericsson was upbeat on its 5G investment decisions and this new deal, too.

Russian bombers intercepted off Alaska coast for 2nd time this month
However, defense officials said the bombers in that flight were supported by aerial refueling tankers. The aircraft were "intercepted and monitored" by the USA jets until they left the zone, heading west.

Cuomo's vulnerabilities heading into the primary
James was the early front runner but Monday's Siena poll suggests she's now almost neck-and-neck with Maloney and Teachout. His preferred pick for attorney general, New York City Public Advocate Letitia James, is mired in a four-way primary.

Unlock a new Legendary Overwatch skin with the BlizzCon Virtual Ticket
Fans who do not purchase the BlizzCon Virtual Ticket can tune in to the opening ceremony and live esports streams for free. Today at 3:00 PM PT Blizzard entertainment will be hosting their BlizzCon all access kick-off show.

Middle-Aged People Should Introduce Drink-Free Days To Improve Their Health
The findings in a YouGov poll come as Public Health England and Drinkaware launch a campaign urging us to cut drinking. About 10 million people in England are drinking in ways that increases the risks and many are struggling to cut down.

OnePlus Confirm That The 6T Won't Have a Headphone Jack
Going by the pricing of the current OnePlus 6 , it is possible that the 8GB RAM + 128GB variant of the 6T will be priced at $569. In the battery life department, the OnePlus 6T listing on Giztop suggests that it could be slightly better than its predecessor.

Mental health problems rampant at workplace
The project is run by Mind and Heads Together , the foundation set up by Prince Harry and the Duke and Duchess of Cambridge. It found nearly half of the 44,000 workers questioned had experienced poor mental health in their current job.

Apple can avoid tariffs by shifting production to US
Trump was not pleased with the news, urging the company to "be patient" in the face of financial fallout from his policies. Chinese regulators have shown their willingness to attack foreign companies in disputes with other governments.

EU's Juncker eyes Africa free trade pact
Meanwhile, Mr Juncker said solidarity with Ireland over tough Brexit talks would remain a priority for the EU. The core of the speech moved to the less controversial issue of the EU's place in the world.