WE income back to the levels before the crisis

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A stronger us economy lifted the American households of the income of the last year and has driven poverty rates to the level before the financial crisis.

The median household income increased 3.2% to $ 59,039 (£44,480), up for a second year in a row that more people have found full-time jobs.

At the same time, the people living under the poverty line has fallen to 12.7%, the lowest since 2007, the u.s. Census said.

The gains of women has increased compared to men for the first time in 10 years.

The u.s. Census report, based on a survey of approximately 95 000 households, showed broad gains in most income, racial and ethnic groups.

The numbers reflect one of the longest economic expansion in american history, with more than six years of steady job growth. The unemployment rate fell to its lowest level since 2001, earlier this year.

According to the u.s. Census, the number of men and women working full-time increased by $ 2.2 million from 2015 to 2016.

About 40.6 million people lived below the poverty threshold in 2016, defined as an annual income of about $24,500 for a family of four.

This number has decreased by 2.5 million dollars from 2015, driving time, the poverty rate decreased from 13.5% to 12.7%. It was 12.5% in 2007.”Safety net”

Scott Allard, a researcher at the Brookings Institution in reflection, and the author of Places in Need, has called the report “good news”.

“They reflect the impact of the sustained growth of the work and the assistance of safety-net programs provide low-income families trying to catch the next rung of the ladder,” he says.

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However, the richest families had the biggest gains.

The top 5% of families accounted for over a fifth of total income in 2016, similar to the previous year. The average income of the group was over 375 000 dollars, an increase of 5.5% from 2015.

In contrast, the average income of the 20% was $12,943, an increase of 2.6%.

A higher percentage of black families were living in poverty than whites, Asians or Hispanics. Their median household income were also lower for racial and ethnic groups at $39,490.

But black households have also seen the strongest gains last year, with a median increase of 5.7% from 2015 to 2016.

Women full-time full-year jobs earned approximately $41,500, about 80% of what men make. Last year, they have made about 79% of what men made.

The study seems to suggest that the median household incomes have finally beaten the previous record of about $58,670 together in 1999.

But officials have said that the figures were not directly comparable, because it had changed its questionnaire, the income may be even lower.