Posts Tagged ‘2015 income growth’

Racial Income Gap Persists Despite 2015 Income Growth

Median household income in Minnesota grew significantly from 2014 to 2015, based on Census Bureau American Community Survey (ACS) data summarized in part two of this series. Growth among minority groups was particularly strong, although this fact by itself does not tell the whole story. Even after adjusting for inflation, the median household income of…

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Minnesota Follows National Trend in 2015 Income Growth

Data from the Census Bureau’s Current Population Survey (CPS) released last week shows strong growth in mean and median household income in the U.S. from 2014 to 2015. Data from the Bureau’s American Community Survey (ACS) confirms this trend, although the rate of growth is somewhat lower than that indicated by CPS data. In addition,…

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Robust Income Growth in 2015

The U.S. Census Bureau released 2015 household income information this week and the news—for the most part—was positive. Real (i.e., inflation-adjusted) income increased by the largest annual rate since the Great Recession, both nationally and in Minnesota. Furthermore, the increase was widespread, affecting nearly all demographic groups. On the other hand, median household income remains…

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