Don’t Let “45” take credit for President Obama’s Economy

The income, poverty and health insurance data released by the Census Bureau on September 13 confirms what many of us already knew. President Obama's last year was one of economic improvement for many individuals. The median income rose from $57,230 in 2015 to $59,039 in 2016, an increase of 3.2 percent. Black income rose 5.4 percent, from $37, 364 in 2015 to $39,400 in 2016, while white income rose from $63, 745 to $65,041, an increase of two percent. The income gap narrowed very slightly, with African Americans making 58 percent of White earnings in 2015 and 60 percent of White earnings in 2016. This income ratio typically hovers around 60 percent, and this situation has not improved, since 1967. Despite an absolute improvement in incomes, the racial income disparity remains.

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