The Census Bureau released a Poverty report yesterday. Overall its great news!
Real median incomes in 2015 for family households ($72,165) and nonfamily households ($33,805) increased 5.3 percent and 5.4 percent, respectively, from their 2014 medians. This is the first annual increase in median household income for family households since 2007. The most recent increase for nonfamily households was in 2009. The increases of 5.3 percent and 5.4 percent for family and nonfamily households were not statistically different.
The real median income of Hispanic households increased by 6.1 percent between 2014 and 2015. Non-Hispanic white and black households also saw increases of 4.4 percent and 4.1 percent, respectively. While Asian households had the highest median income in 2015, the percentage change in their real median income was not statistically significant between 2014 and 2015. The differences between the 2014 to 2015 percentage changes in median income for non-Hispanic white, black and Hispanic households were not statistically different