The latest U.S. Census Bureau report has shown a 5.2-percent increase in household incomes and 1.2-percent decline in poverty across the country in 2015.
In a blog post published Wednesday, President Barack Obama shared the two key findings from the recent census that he says highlight the U.S. economic progress over the past eight years.
“Our businesses have created more than 15 million new jobs since early 2010,” Obama wrote.
He noted that 20 million Americans currently have health insurance coverage through the Affordable Care Act and that the typical U.S. household incomes grew by approximately $2,800 in 2015 alone.
“We lifted 3.5 million people out of poverty, including one million children — the largest one-year drop in almost 50 years,” Obama added.
The president said the administration works to further address inequality through its request to Congress for a higher minimum wage and calls for investment in clean energy and infrastructure to provide jobs.