Thread by @eliselgould

In this morning's release on income, poverty, and health insurance for 2018, the Census Bureau data reveal that income growth once again slowed significantly in 2018.
census.gov/newsroom/press…
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Household income growth significantly slowed again in 2018, following a marked deceleration in 2017. While any reduction in poverty or increase in income is a step in the right direction, most families have just barely made up the ground lost over the past decade.
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Income growth slows significantly again in 2018.

Median household incomes rose only 0.9% in 2018, compared with 1.8% in 2017. In 2016 and 2015, median household incomes grew much faster, at 3.1% and 5.1%, respectively.

Look at this significant slowdown!
via @JuliaWolfe94

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@JuliaWolfe94 .@ValerieRWilson: “Increased employment among African Americans in 2018 helped to reverse the loss of income among these households in 2017. In 2015 and 2016, income growth was stronger for black and Hispanic households than for white households, . . .
epi.org/press/income-g…
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@JuliaWolfe94 @ValerieRWilson . . . . but after a disappointing 0.8% decline in black median household income in 2017, income grew 1.8% for black households in 2018 . . . the black-white income gap was essentially unchanged in 2018," says @ValerieRWilson @EconomicPolicy
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@JuliaWolfe94 @ValerieRWilson @EconomicPolicy Also @ValerieRWilson: Today’s release also shows that while in 2017, growth in Hispanic median household income continued to outpace that of white non-Hispanics, income growth stalled for Hispanic households in 2018. . .resulted in a widening of the Hispanic-white income gap.
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@JuliaWolfe94 @ValerieRWilson @EconomicPolicy After correcting for a discontinuity in the income data to make years before and after 2013 comparable, median household income remains just below where it was back in 2000. This is true for all households, but even more so for non-elderly households.
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@JuliaWolfe94 @ValerieRWilson @EconomicPolicy Find the most important highlights on incomes, earnings, and poverty from today's #Census data release via @its_Melat and @zanemokhiber @EconomicPolicy
epi.org/blog/by-the-nu…
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@JuliaWolfe94 @ValerieRWilson @EconomicPolicy @its_Melat @zanemokhiber Slowdown in household income growth continues in 2018
epi.org/blog/slowdown-…
@JuliaWolfe94 @EconomicPolicy
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@JuliaWolfe94 @ValerieRWilson @EconomicPolicy @its_Melat @zanemokhiber The last four years should not make us forget that incomes for the majority of Americans have experienced a lost 18 years of growth.
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@JuliaWolfe94 @ValerieRWilson @EconomicPolicy @its_Melat @zanemokhiber The average income of the top 5% is more than six times higher than that of typical households and 30 times higher than the bottom 20% of households. Average income for the bottom 20% of households is $13,775. That is not a typo. $13,775!
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@JuliaWolfe94 @ValerieRWilson @EconomicPolicy @its_Melat @zanemokhiber After declining in 2017, both full-time, year-round men’s and women’s earnings rose in 2018. As of 2018, men’s earnings have finally recovered to their 2000 level.
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@JuliaWolfe94 @ValerieRWilson @EconomicPolicy @its_Melat @zanemokhiber More on the latest Census data, my colleagues @JuliaWolfe94 and @hunterfblair wrote an important piece today highlighting the importance of government programs in lifting millions of people out of poverty.
epi.org/publication/go…
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@JuliaWolfe94 @ValerieRWilson @EconomicPolicy @its_Melat @zanemokhiber @hunterfblair Jhacova Williams and @ValerieRWilson take a deeper look at racial and ethnic income and poverty gaps in the latest Census data.
epi.org/blog/racial-an…
@EconomicPolicy 14/n