Average Household Income Was Up 1.8 Percent Last Year

The Census Bureau brings some good news today: median household income rose 1.8 percent last year:

It only took 18 years, but household income is now firmly higher than it was at the top of the dotcom boom. On the other hand, low-income earners didn’t do so well:

The income of the bottom fifth increased only half a percent, and the income of the second fifth increased slightly more than 1 percent. Neither one has yet made up the ground they’ve lost since the peak of the dotcom boom. Maybe next year.

The Census Bureau released a bunch of other stuff today too, including poverty and income inequality numbers. I’ll try to get to those later.

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Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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