Millennial workers got the biggest pay bump in 2016. Here’s why that helps everyone.

Young households saw more than three times the income gains of everyone else — here’s why that matters. There’s good news for U.S. workers: Real median household income grew to $59,039 in 2016, a 3.2% increase over the previous year, according to the Department of Commerce’s latest Census figures released Tuesday.

This is the second consecutive annual increase in income, a sign that typically indicates a burgeoning economy, though department officials reiterated on a conference call that a change to the Census questionnaire in 2013 makes historical comparisons difficult. However, the report did detail other wins for American workers, particularly […]