The Census Bureau today released its numbers on household income for 2016. Nationwide, median household income increased a respectable 2.4%. For Illinois, the increase was 1.4%. Numbers for other states are reproduced in the chart linked here. As you can see there, our neighboring states didn’t do so well, either. Nor did energy producing states.
Household income growth is perhaps the key measure of how we are doing, provided growth is shared fairly. “Inclusive growth” is the term I like as a goal.
And the Census Bureau included data on how that growth is being shared. It’s called the Gini Index. Neither the nation nor Illinois has improved over the last ten years. During the last decade, the index has increased 3.9% for the nation and 4.1% for Illinois.