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Article: Booming economy lifts all boats: New Census figures show median family income is highest on record, while poverty rate nears all-time low.(USA)
- Article from:
- The Christian Science Monitor
- Article date:
- September 27, 2000
CopyrightCOPYRIGHT 2000 The Christian Science Publishing Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The US economy has now been so good for so long that its benefits are reaching virtually all levels of the American population.
It's not news that dotcom billionaires are minting money. But just-released Census figures show that the median US family is doing better than ever before - and that the poverty rate is nearing its lowest level in recorded history.
That means the US may be in a golden age of extraordinarily wide and deep economic gains. It also means that, in political terms, Vice President Al Gore has powerful evidence of continuing good times to boast about on the campaign trail - at just the time the presidential race turns the corner and ...