Friday, November 24, 2017
News Roundup

Median U.S. household income up for second straight year

RECOMMENDED READING


WASHINGTON — U.S. household incomes rose strongly for the second straight year in 2016, as the long-running economic recovery generated broad gains in prosperity.

The median household income was $59,039 in 2016, an increase of 3.2 percent over the year before after adjusting for inflation, the Census Bureau said Tuesday. The share of Americans living in poverty declined, and the share with full-year health insurance increased, the bureau also reported.

The strong gains will probably sharpen the political debate between President Donald Trump, who is pressing to overhaul the nation's economic policies, and Democrats who now have more ammunition to argue that the changes Trump seeks would mess with success.

The most immediate battle will be over Trump's push for large tax cuts.

"The challenge for policymakers now is to build on the last few years' progress and not worsen poverty and inequality," said Robert Greenstein of the Center on Budget and Policy Priorities, a liberal research organization. He said that many of the items on Trump's agenda "would raise poverty, widen inequality, or reduce health insurance coverage."

The Census Bureau data paint a picture of widespread improvement in the final years of the Obama administration. The gains in 2015 were the largest on record. Median household income increased by 5.2 percent, the largest jump since record keeping began in 1967.

The gains in 2016 pushed median household income to the highest level on record, but officials cautioned the figure was affected by a change in methodology in 2013, and that actual incomes probably had not exceeded the previous peak, in 1999.

The Economic Policy Institute, a liberal research organization based in Washington, estimated that without the change in methodology, median household income was still roughly 2.3 percent below the record high — and 1.6 percent below the level reached in 2007.

Moreover, the gains have accrued disproportionately to the most affluent Americans. The mean household income for the poorest fifth of households fell by $571 over the decade that ended last year, adjusting for inflation. The mean for the wealthiest fifth of households increased by $13,479, also adjusting for inflation.

Trump campaigned on a pledge to lift the nation's fortunes and to repair what he described in his inaugural address as "this American carnage." He has called for cuts to federal taxes and spending, broad reductions in regulation and limits on foreign trade.

He also promised to repeal and replace the health care law.

The poverty rate fell for the second straight year. The Census Bureau reported that 12.7 percent of households lived in poverty in 2016, representing a total of 40.6 million people. That was down from 13.5 percent of households and 43.1 million people in 2015.

The data showed that the ranks of those with health insurance coverage continued to grow last year. Only 8.8 percent of the population lacked insurance for the full year, down from 9.1 percent in 2015.

Comments
Jon Mott wins record fifth Times Turkey Trot 10K

Jon Mott wins record fifth Times Turkey Trot 10K

By BOB PUTNAMCLEARWATER — The Tampa Bay Times Turkey Trot has long been a fixture on Jon Mott’s sporting calendar. Not even a 103-degree fever Tuesday could keep him away from the event, in its 39th year. Mott, a record four-time 10k champion, added ...
Updated: 9 hours ago
Bucs players, coaches say they cherish getting game balls for special feats

Bucs players, coaches say they cherish getting game balls for special feats

TAMPA — In the jubilant moments after a Bucs win, Dirk Koetter will sometimes ask for a game-used ball from his equipment staff, hold it high in the locker room and present it to the player who was most crucial to the victory.NFL players can ask for ...
Updated: 10 hours ago

 
Updated: 11 hours ago

Updated: 11 hours ago
Woman killed in Largo motorcycle crash could ‘out-game any dude’

Woman killed in Largo motorcycle crash could ‘out-game any dude’

LARGO — Sydney Pender, 27, loved riding her motorcycle, even though she knew the dangers. Three years ago, her friend said, a delivery truck hit her. But she kept riding. On Thanksgiving, it was a crash with a taxi cab that killed her.Pender, a St. P...
Updated: 11 hours ago

Valrico intersection closed after car-sized hole opens in road

VALRICO — A hole the size of a vehicle opened up beneath the intersection of Nature’s Way Boulevard and Elm Grove Lane, Hillsborough officials said.The cause of the depression is unclear, but the intersection was blocked off to traffic.Hillsborough C...
Updated: 12 hours ago
Days after a high fever, Jon Mott wins his fifth Times Turkey Trot 10K

Days after a high fever, Jon Mott wins his fifth Times Turkey Trot 10K

CLEARWATER — On Tuesday, Jon Mott had a 103-degree fever. That was not enough to keep him from maintaining his dominance Thursday at the 39th Tampa Bay Times Turkey Trot.The former Northeast standout added to his record with his fifth title in the ev...
Published: 11/23/17

Update: Mother, toddler hit by car in critical condition at TGH

TAMPA — A mother and one of her two small children who were hit by a car while trying to cross Dale Mabry Highway on Wednesday were still in the hospital on Thanksgiving, according to Tampa General Hospital.Cassandra Marie Spicola, 29, and 18-month-o...
Published: 11/23/17

Pasco County put under immediate tornado warning

The National Weather Service has put out a tornado warning for Pasco County. Thunderstorms capable of producing a tornado and strong winds are expected over Jasmine Estates, New Port Richey and Hudson until 1:15 p.m., according to the NWS warning. Ba...
Published: 11/23/17
Thanksgiving forecast: Rain today, but sunny skies this weekend

Thanksgiving forecast: Rain today, but sunny skies this weekend

It’s going to be a wet Thanksgiving across Tampa Bay, but sunny skies are coming during the long weekend, according to WTSP 10Weather meteorologist Ric Kearbey. 10News WTSPThe latest Tampa Bay-area radar 10...
Published: 11/23/17