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U.S. household income +5.2% in 2015: largest single-year increase ever
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15 September 2016 (Edited )

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New York Times 14 September 2016

From NYT:

"The Census Bureau’s annual report, based on a survey of 95,000 households, is the latest evidence that 2015 was a good year for the economy. Employers added more than three million jobs as the unemployment rate fell to 5 percent. Hourly pay increased by 2 percent, adjusting for inflation. Americans drove more miles in their cars. Even housing showed some signs of a revival."

"The details of the bureau’s report revealed that the gains last year were both broad and deep. Notably, lower-income households saw the largest income gains in percentage terms. Real household incomes rose 7.9 percent for households in the 10th percentile and 6.3 percent for those in the 20th percentile. By contrast, the increase was only 2.9 percent for those households in the 90th percentile."

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More people working, making more money, driving more miles: music to the ears of everyone in the US tourism industry.


David Boggs President/CEO ACRO Global|Publisher Tourism Marketer
David H. Boggs
President/CEO
ACRO Global
Publisher
TourismMarketer

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