FILE - In this June 6, 2015, file photo, a customer, bottom, pays for goods while shopping at the Atlanta Farmers Market in Atlanta. Americans finally got a raise in 2015 after seven years of stagnating incomes, driven by big gains among the poorest households, according to information provided by the Census Bureau, Tuesday, Sept. 13, 2016. Higher minimum wages in many states and tougher competition among businesses to fill jobs pushed up pay, while low inflation made those paychecks stretch further. (AP Photo/David Goldman, File)

FILE - In this June 6, 2015, file photo, a customer, bottom, pays for goods while shopping at the Atlanta Farmers Market in Atlanta. Americans finally got a raise in 2015 after seven years of stagnating incomes, driven by big gains among the poorest ... households, according to information provided by the Census Bureau, Tuesday, Sept. 13, 2016. Higher minimum wages in many states and tougher competition among businesses to fill jobs pushed up pay, while low inflation made those paychecks stretch further. (AP Photo/David Goldman, File) (The Associated Press)

Americans got raise last year for first time since 2007

Markets Associated Press

Americans finally got a raise last year after eight years of stagnating incomes.

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The Census Bureau says the typical U.S. household's income rose 5.2 percent in 2015 to $56,516. That is still below the median household income of $57,423 in 2007, when the Great Recession began. The median is the point where half of households fall below and half are above.

The proportion of Americans in poverty also fell sharply last year, as 2.4 million more people found full-time, year-round jobs.

The poverty rate was 13.5 percent in 2015. That's a drop of 1.2 percentage points from 2014, the largest decline in poverty since 1999. There were 43.1 million people in poverty, 3.5 million fewer than in 2014.