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September 14, 2016

Household Income Rises, Following Minimum Wage Hikes
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In financial news, new census data shows the median household income
rose just over 5 percent in 2015. It's the first major increase of
household income since the recession began in 2007. The data shows
average income for the poorest 20 percent of Americans increased for the
first time in four years. This comes after a number of cities and states
passed minimum wage hikes. However, economic inequality remains deeply
entrenched; the poorest 10 percent of Americans are relatively poorer
today than they were in 1989.


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