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US Household Income Rose Slightly Last Year, Roughly Matching 2019 Peak
Median household income in the U.S. rose just 1.3% in 2024, with the richest 10% seeing a 4.2% gain while Black households experienced a 3.3% decline, Census Bureau data show.
- The income for the typical U.S. household in 2024 was $83,730, a 1.3% increase from 2023, according to the Census Bureau.
- Median household income in 2024 is nearly the same as the 2019 peak of $83,260, as noted by Census officials.
- Heather Long, chief economist at the Navy Federal Credit Union, stated, "It’s not hard to see why middle-class Americans are frustrated."
- Inflation in 2024 averaged 2.9%, a decrease from 8% two years prior, reflecting changes in economic conditions.
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Census Bureau: U.S. Poverty, Incomes Largely Flat in 2024
The U.S. poverty rate showed little change in 2024, the Census Bureau reported Tuesday. The supplemental poverty measure, which accounts for government aid and household costs, stood at 12.9%, virtually unchanged from 2023. The official poverty rate dipped slightly to 10.6%, representing 35.9 million Americans living in poverty. Median household income was $83,730 in 2024, also flat compared with the prior year. Officials said incomes generally …
US poverty rates not significantly changed in 2024, Census Bureau says
The main gauge of U.S. poverty did not change significantly in 2024, and household income also remained about level except for gains among the wealthiest Americans, the U.S. Census Bureau said on Tuesday.
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Total News Sources48
Leaning Left7Leaning Right4Center29Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
L 18%
C 73%
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