Median Household Income Rose 1.8% in 2017, Census Bureau Figures Show

Lloyd Doyle
September 12, 2018

USA household incomes rose again in 2017, according to Census Bureau figures released Wednesday that suggest more Americans are benefiting from the strong economy. Households can vary in size from a single person to multiple adults and children residing under the same roof, but the average US household has 2.6 people.

"Crossing the $61,000 mark was important as it signals the American middle-class is earning a little more than it did in 1999, although the Census Bureau cautions median income is still not "statistically significant" from the late 1990s".

"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 a year ago from 12.7 percent in 2016.

FILE PHOTO: A sign advertises open jobs at an Embassy Suites hotel in Waltham, Massachusetts, U.S., December 13, 2017.

"Median household income grew 1.8 percent in 2017, a slowdown from the 3.2 percent increase in 2016 and 5.2 percent increase in 2015", wrote Heidi Shierholz, director of policy at the left-leaning Economic Policy Institute and the former chief economist at the U.S. Dept of Labor.

Other reports by Iphone Fresh

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