Rising Incomes Juice Consumer Spending

Joe and Jane Six Pack are doing better. That is something that will show up in their spending.
The Census Bureau on Tuesday reported that the income at the median U.S. household—the one at the statistical middle of the middle—rose an inflation-adjusted 5.2% to $56,500 last year from 2014. While still 1.6% below the precrisis level, that marked the biggest annual gain on record. Income inequality eased, with income growing faster for middle class than the rich, and lower-income households improving even more.