"More than 1.2 million American households moved to above $50,000 in annual income between 2016 and 2018, according to Census Bureau data released on Sept. 10, a sign of a growing middle class.While in 2016, some 58.5 percent of households enjoyed more than $50,000 in total money income, the share rose to more than 60 percent in 2018.
The median household income, meanwhile, rose by nearly 2.3 percent—with all figures adjusted for inflation.
...The progress has been even more apparent for black Americans, whose unemployment rate dropped below 7 percent for the first time in December 2017 and in May 2018 fell further to 5.9 percent.
That record held for more than a year until it was also shattered in August as the rate hit 5.5 percent..."
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