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Sunday, April 18, 2021

U.S. median income up for third straight year

Median household income in the United States increased by 1.8 percent to $61,372 between 2016 and 2017, the U.S. Census Bureaau announced Wednesday. It was the third consecutive annual increase in median household income, the bureau said.

The official poverty rate dropped slightly from 12.7 percent to 12.3 percent during the same period, according to the bureau, while the number of people without health insurance coverage and the uninsured rate were not statistically different from 2016.

The findings were included in two reports released Wednesday by the Census Bureau: “Income and Poverty in the United States: 2017” and “Health Insurance Coverage in the United States: 2017.”

The Census Bureau also released “The Supplemental Poverty Measure: 2017” showing a supplemental poverty rate of 13.9 percent in 2017, nearly identical to the 2016 rate of 14.0 percent. The Supplemental Poverty Measure provides an alternative way of measuring poverty in the United States and serves as an additional indicator of economic well-being, the Census Bureau said.

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