Census Bureau: Americans Got a Raise Last Year for First Time Since 2007

September 13, 2016 3:20 PM

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WASHINGTON — Americans finally got a raise last year after eight years of stagnating incomes.

The typical U.S. household's income rose 5.2 percent in 2015 to $56,516, the Census Bureau said Tuesday. Even with the solid gain, that remains below the median household income of $57,423 in 2007, when the Great Recession began. The median is the point where half of households fall below and half a...

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