Chart of the Day: Household Income Finally Beats 1999 Record

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The Census Bureau has finally gotten around to calculating household income for 2016, and the news is good: adjusted for inflation, income was up 3.2 percent last year. In fact, household income is now at an all-time high:

And now for the buzzkill portion of this post: this means household income has increased a whopping 0.6 percent since 1999. That’s $22 per year.

On the other hand, this is better than the top .01 percent has done. According to Piketty and Saez, their income peaked in 2000 and is down 4 percent through 2015 (with some spikes in between). Will 2016 be the year that they too beat their 20th century high? P&S take even longer than the Census Bureau to make their calculations, so we’ll have to wait and see. But I’ll bet they do.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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