The median U.S. household income rose for a third straight year in 2017 and the poverty rate declined further, government data showed on Wednesday.
The Census Bureau said in its Income, Poverty and Health Insurance Coverage and Supplemental Poverty Measure report that median household incomes increased 1.8 percent to $61,400 last year.
“The median income is statistically tied to the pre-recession estimate for 2007 and 1999, the year with the highest estimated median household income,” said Trudi Renwick, an assistant division chief at the Census Bureau.
“This holds true given that you account for changes in cost of living and a change in the 2014 census question,” she added.
The report also showed the poverty rate — the percentage of people living in poverty — fell to 12.3 percent last year from 12.7 percent in 2016. The Census Bureau also said about 28.5 million residents did not have health insurance in 2017, not statistically different from the previous year.
https://www.reuters.com/article/us-...s-poverty-rate-declines-in-2017-idUSKCN1LS2HX
The Census Bureau said in its Income, Poverty and Health Insurance Coverage and Supplemental Poverty Measure report that median household incomes increased 1.8 percent to $61,400 last year.
“The median income is statistically tied to the pre-recession estimate for 2007 and 1999, the year with the highest estimated median household income,” said Trudi Renwick, an assistant division chief at the Census Bureau.
“This holds true given that you account for changes in cost of living and a change in the 2014 census question,” she added.
The report also showed the poverty rate — the percentage of people living in poverty — fell to 12.3 percent last year from 12.7 percent in 2016. The Census Bureau also said about 28.5 million residents did not have health insurance in 2017, not statistically different from the previous year.
https://www.reuters.com/article/us-...s-poverty-rate-declines-in-2017-idUSKCN1LS2HX
