Average Americans Just Got a Huge Income Boost | HuffPost Latest News - Action News
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Posted: 2016-09-13T16:36:21Z | Updated: 2016-09-14T14:20:26Z

It looks like Americans finally got a raise.

The U.S. Census Bureau on Tuesday released its annual report on income, poverty and health insurance. Every year, the report serves as a key benchmark for how the American people are doing economically.

And this year the report is very encouraging.

The percentage of people without health insurance for all of 2015 was 9.1 percent, down 1.3 percentage points from the previous year. Thats the lowest that the Census Bureau has ever measured, reflecting the impact of the Affordable Care Act.

The official poverty rate in 2015 was 13.5 percent, which was 1.2 percentage points lower than in 2014. The supplemental poverty rate, which takes into account other factors such as the value of government benefits and the costs of medical expenses, fell by nearly the same amount.

But its the figures on median household income that will, and should, get the most attention.

According to the report, median household income rose by 5.2 percent, from $53,700 to $56,500. This is the largest increase the Census Bureau has ever recorded.