Why Decreased Poverty, Increased Wealth Aren’t Yet Causes To Rejoice

“The pay gap gets worse for women of color and moms,” said Lisa Maatz of the American Association of University Women

The U.S. Census Bureau released a report on the levels of income and poverty in America in 2015. The report read that there was an increase in average household income and how bright things look for most Americans. The increase in average household income is the first time that it has gone up for the past ten years.

Median household income reached $56,516 last year, according to the report. The increase is about a 5.2 percent step up from 2014’s $53,718 median. The report released last Tuesday also noted that the increase in income is one of the biggest increases to be recorded in a year and the security of health insurance coverage is also enjoyed by more Americans than before.

Notwithstanding the improvement in income levels, but the discrepancies linger on in many forms of income inequality, including wage gap and poverty. Carefully looking at the census’ data, the poverty rates have dropped 1.2 percent from last year, but the median incomes are much lower than they were in 2007.

The upward movement of income shown by the report was credited to an increase in employment of full-time and year-round workers last year by the chief of the poverty statistics branch, Trudi Renwick. However, the good news to most Americans isn’t seen as such a great one for the president of the Russell Sage Foundation, Sheldon Danziger, as he believes a larger picture is missing in the analysis.

“A focus on these very good 2014-15 annual changes misses the big picture,” Danziger said. “The poor and the median full-time worker and household were better off at the end of Bill Clinton’s Administration than they are today.”

The difficulties and struggle many Black and Latino citizens face to get jobs wasn’t stated by the report. Although the data revealed positive income for most families, those families have been wealthy and are only getting wealthier, whereas the growing wage gap between the rich and poor, white and Black men and women remains. Black and Latino women earn far lesser than the average income of a white woman. Yes, we could be happy about the improvement in income, but everyone has to feel the effect, not just a few.

Source: Atlanta Black Star
Thank you!
You have successfully subscribed!
We will be glad to enlighten you on
the life of the Black community.
Do you want to be notified?
Add meetup