IOWA CITY, Iowa — When you are trying to pay off a mortgage, pay for child care, buy groceries, and pay for your own gas and electricity, you’re probably making more than you did a decade ago.
The median household income rose to $61,100 last year from $60,600 in 2010.
The national median income rose just 0.3 percent.
But that is still less than half the national median of $75,000.
So what’s going on?
And why does the national average so much more than the average American household?
There are a lot of reasons.
The national median family income has risen faster than the median income of the U.S. population since 2008.
The median family incomes rose a whopping 5.2 percent in 2016.
That is more than 3.5 times faster than a national average of 1.5 percent.
And median household incomes rose faster than inflation over the past 10 years.
The average national income rose 1.7 percent last year, nearly twice the national increase of 1 percent in inflation adjusted dollars.
The most important reason for the rising median income is that people have been spending more and saving more than ever.
In 2016, households spent about $1.6 trillion.
This includes $1 trillion in credit card debt.
Households are saving about 10 percent of their incomes, or $500,000 per year.
The trend is even stronger for seniors.
According to a study by the Federal Reserve Bank of New York, the average annual income of seniors increased 1.3 times over the last decade.
The largest annual income increase was among those 65 years and older, at 7.4 percent.
Americans are working more than they have in decades.
They’re working longer hours, with more hours of work per week.
And their paychecks are more expensive.
Median household incomes grew 3.3 percentage points between 2000 and 2015.
That was the biggest annual increase of any income group, up nearly 10 percentage points.
The middle class has been shrinking for decades.
That includes the top 20 percent of earners.
But the middle class continues to grow.
Between 2000 and 2010, median household median income increased 2.3 points per year, faster than any income bracket.
The only income group in which median income grew more quickly than the middle of the income spectrum was the top quintile, at 5.9 percent.
The top 10 percent saw the biggest income growth of any group, with average annual median incomes rising more than 5.6 points.
The top 1 percent saw a growth rate of 1 percentage point, while the bottom half of the distribution saw a decrease of 0.9 percentage points, according to the Bureau of Labor Statistics.
The trend is not just about income growth.
It’s about more hours worked, fewer hours of paid work and more hours for part-time work.
The economy is growing at a slower pace than it did a few years ago, which has been a problem for people who are making less money.
The Federal Reserve estimates that there will be about 3.8 million fewer full-time jobs in the U, which will have a negative effect on the economy.
In 2016, the Bureau in its most recent report to Congress on the state of the labor market reported that part- time work will be down by nearly 25 percent by 2026.
The number of part- and full- time workers will decline by 3.1 million jobs, and the number of hours worked will drop by 7 percent.
In other words, there will not be enough jobs for everybody.
In fact, the report notes, the number, hours and hours worked by part-timers is expected to drop by 1.2 million jobs over the next 10 years, while part-timer jobs are expected to increase by 4.6 million jobs.
In addition, more people will be working part time jobs.
According a recent survey by the National Employment Law Project, 45 percent of part time workers work less than 40 hours a week.
But 40 percent of full time workers do.
What about retirement?
We are seeing more people working until they die, and some are doing so as early as age 75.
Retirement is becoming more popular in America, and many people are delaying the inevitable.
A recent survey from the Pew Research Center found that one in three people are working part- or full-timing for more than 20 years.
In the last two decades, the median age at retirement has risen to 61 years and eight months.
This is the longest rise in retirement age since the 1940s.
In addition, many workers are now working longer than ever before.
The typical worker is working 39 hours a day, compared to 36 hours a month in the 1950s.
The unemployment rate among workers has dropped from 15 percent in