WASHINGTON — American 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 $59,000 in 2016, an increase of 3.2 percent, the Census Bureau said Tuesday. The share of Americans living in poverty also declined.
The gains pushed the median household income above its level in 2007, in 2016 dollars. By that measure, the economy during the final year of the Obama administration completed its recovery from the recession that began in December 2007.
The data also showed that health insurance coverage continued to expand in 2016. Only 8.8 percent of the population lacked health insurance for the full year, down from 9.1 percent in 2015.
Montana and Louisiana expanded their Medicaid programs in 2016, joining 29 other states in accepting increased federal funding under the Affordable Care Act. Private coverage also increased as companies hired more workers and offered better benefits.