Census Bureau data revealed that 2015 saw the highest income gains since 2007, but a closer look shows that while there is room for optimism there is also room for skepticism. Newgeorgraphy staffers Joel Kotkin and Wendell Cox point out that real income is still 2.5% below the 1999 peak, and changes to the Census Bureau's Current Population Survey (CPS) methodology could have inflated the 2015 increase.
They say that income gains were made though not evenly distributed across the nation. While some point to the rise of cities and fall of the suburbs when discussing this increase, Kotkin and Cox see things differently:
For one thing, downtown residents represent little more than 1% of our metropolitan population, and less than 10% of the jobs. Nor did the biggest income gains occur in the metropolitan areas with the large, elite urban cores. Indeed, it is hard to imagine results more at odds with theme of dense urban core gain and suburban malaise.