The best economic news America’s had in a decade

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The best economic news America’s had in a decade

But, but Obummer, tax hikes on the wealthy, Obamacare, regulations, wall street and banking reforms.....gas headed to $6/gal , REAL unemployment rate.

Face it, a GOP president would die for news like this and no GOP supporter would gainsay any of it. Romney would address the nation and exclaim "see what we've done?!", as he cruised toward a 2nd term.

Updated by Dara Lind and Dylan Matthews on September 13, 2016, 8:00 p.m. ET

Basically everybody but the wealthiest Americans got wealthier in 2015;

Really, really, really, really good news

http://www.vox.com/2016/9/13/12908316/vox-sen...ws-decades

Census bureau chart



Census Bureau

The median income for US households jumped 5.2 percent from 2014 to 2015. That represents the biggest one-year increase since the Census Bureau started tracking this data in 1968. [NYT / Binyamin Appelbaum]

Benefits were felt across the board. Americans in the 10th percentile of income saw their biggest increase ever. So did Americans in the 20th, and 30th … all the way up to 80th. [Justin Wolfers via Twitter]

As a result, over 3 million Americans rose out of poverty in 2015 — making the biggest relative gains on poverty since 1999. [Reuters / Lucia Mutikani and Susan Heavey]

It's extremely difficult to overstate how big a deal this is. The Great Recession ended years ago, but economists have worried that prosperity has been slow to return to most Americans. This is a huge step forward. [Huffington Post / Jonathan Cohn]

Gains aren't being evenly distributed in every respect. Rural areas, for example, have been left behind. [Vox / Timothy B. Lee]
But the improvement is certainly widespread enough to cast certain economic concerns — like the question of why fewer young men are in the workforce — in a less than dire light. [The Atlantic / Derek Thompson]

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