Household incomes rise to new high, but rate of health coverage flattens

Marco Green
September 13, 2018

The Census Bureau's report on income and poverty in the US showed median household income rising 1.8 percent to an inflation-adjusted $61,372 in 2017, increasing for the third consecutive year.

The Census data showed that median household income increased in 2017 to $61,372, an increase of 1.8 percent after taking inflation into account, and is considered to be the highest on record.

Middle class income smashed expectations and reached an "all-time high" across the United States in 2017, according to new statistics released by the United States Census Bureau.

The report showed that the poverty rate - the percentage of people living in poverty - fell to 12.3 percent past year from 12.7 percent in 2016. The percentage of Americans without health insurance was essentially unchanged from 2016 to 2017 - staying at about 8.8 percent, or 28.5 million people - despite the overall economic boom.

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

The increase in household income over the past year comes as the poverty rate in America has declined and more Americans are participating in the workforce. "All the income figures have been adjusted for inflation and are reported in 2017 dollars", writes the Washington Post.

The bureau also reported a decrease in the poverty rate and increase in earnings for all workers as the unemployment rate sunk throughout 2017. The U.S. economy has added jobs each month since October 2010, and the unemployment rate dropped below 4 percent in April.

Other reports by Click Lancashire

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