dearJulius.com Write For Us

Census: Median U.S. household income up in '17 for third straight year

Construction workers repair homes in Broad Channel, New York, on October 26, 2017. According to Census data Wednesday, the median annual household income in the United States climbed nearly 2 percent in 2017, to just under $61,400. File Photo by John Angelillo/UPI

By Nicholas Sakelaris, UPI

Average household incomes in the United States climbed for the third straight year in 2017 and poverty rates declined, according to new data Wednesday from the U.S. Census Bureau.

The 74-page report, titled "Income and Poverty in the United States," said the median U.S. household income was $61,372 last year, up nearly 2 percent from 2016. While significant, the increase in household income made larger jumps in both 2015 and 2016.

The Census Bureau also detailed a decline in the poverty rate -- 0.4 percent to 12.3 percent. The Bureau of Labor Statistics reported this month the unemployment rate remains historically low, at 3.9 percent -- its lowest level since 2000.

"If you look at unemployment and overall wages, those have been improving over the last few years, and as a result poverty has been dropping," Mark Rank, a professor at the University of Washington in St. Louis, told NBC News. "But the reach of poverty remains wide and half of American will experience some type of it. If we compare ourselves to other industrialized countries, then we still have a very high amount."

The Census figures also showed that nearly 2.3 million more Americans bought health insurance under the Affordable Care Act from 2016 to 2017, for a total of nearly 295 million people. Still, an estimated 28.5 million people went without any coverage last year -- a slight increase over 2016.

In 2010, before the Affordable Care Act became available, 16.3 percent of the U.S. population had no health coverage. Now, that figure's at 8.8 percent -- meaning nearly 92 percent of all Americans had coverage for all or part of 2017, the Census data showed.

Wednesday's report also said the effects of the Republican-led tax overhaul last year should benefit the average taxpayer, who could save more than $2,000.

COMMENTS





Note: If you think this story need more information or correction, feel free to comment below your opinion and reaction.
Name

Alabama,1,Arizona,1,Barack,1,Boston,1,California,5,Colorado,1,Connecticut,1,Crime,554,Environment,1,Fashion,2,Florida,3,Franc,1,Hawaii,8,Illinois,1,Los Angeles,2,Massachusetts,5,Mexico,1,Mississippi,1,New York,12,Oregon,1,Texas,1,U.S.,1483,Washington,7,Weather,10,
ltr
item
US News: Census: Median U.S. household income up in '17 for third straight year
Census: Median U.S. household income up in '17 for third straight year
https://3.bp.blogspot.com/-VNTNVbJETVE/W5npwd37V8I/AAAAAAAA-I4/Y47--Hzs778GooLHw5RuTdgE39Ux0_h1ACLcBGAs/s1600/4.jpg
https://3.bp.blogspot.com/-VNTNVbJETVE/W5npwd37V8I/AAAAAAAA-I4/Y47--Hzs778GooLHw5RuTdgE39Ux0_h1ACLcBGAs/s72-c/4.jpg
US News
https://us.dailynewsview.com/2018/09/census-median-us-household-income-up-in.html
https://us.dailynewsview.com/
https://us.dailynewsview.com/
https://us.dailynewsview.com/2018/09/census-median-us-household-income-up-in.html
true
163793216656047553
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy