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American household income finally topped 1999 peak last year

Washington • The median U.S. household’s income finally topped pre-recession levels last year and has reached an all-time high after years of sluggish growth.

The Census Bureau says the median income, adjusted for inflation, rose 3.2 percent from 2015 to 2016 to $59,039.

After two straight years of solid income gains, the median American household last year essentially earned the same as it did in 1999, when incomes peaked at $58,665. The median is the point at which half the households fall below and half are above.

Just announced: 2016 Income, Poverty, and Health Insurance Coverage in the United States: https://t.