Median household income hits $59,039, rising for the 2nd straight year

Americans notched solid financial gains in 2016 for a second straight year after prolonged stagnation as household incomes rose, poverty fell and fewer people went without health insurance. The median U.S. household income increased 3.2% to $59,039, the Census Bureau said Tuesday. That followed a 5.2% increase in 2015, the largest on records dating to 1968. The combined increase over the past two years is the biggest such rise since the 1960s.

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