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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is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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