New Census Report on 2015 Poverty and Income Highlights the Urban/Rural Divide

New Census Report on 2015 Poverty and Income Highlights the Urban/Rural Divide

Blog, Featured, Income, Latest News, Poverty
Today, the US Census Bureau released their annual report on poverty and income. Economists predicted an increase of 1 to 2 percent in incomes in 2015, but the report showed a surprising 5.2 percent increase. A closer look at the data reveals a stark contrast between the economy in urban and rural communities. Urban Areas on the Rise [caption id="attachment_7411" align="alignright" width="516"] Over the past 8 years, rural and urban economies have generally exhibited similar economic trends. However, in 2015, there was a sharp divergence (see above).[/caption] Inside of metropolitan statistical areas (MSAs), median incomes grew by 6 percent. Much of that growth was confined to cities dwellers, whose incomes rose by 7.3 percent compared to suburban and exurban residents, whose incomes rose by a more modest 4 percent. This is the largest…
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