Census: Household Incomes Holding Steady

9:57 AM, Sep 17, 2013   |    comments
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Tim Mullaney, USA TODAY

Americans' household incomes still haven't caught up to where they were before the recession, but they've stopped losing ground to inflation, the Census Bureau said Tuesday.

Median household incomes after inflation stabilized in 2012, following two annual declines, the bureau reported.

Adjusted for inflation, median household income was $51,017 last year, not statistically different from the 2011 median of $51,100. The median is the point where half are below and half are above.

But over the past five years, household income after taking inflation into account was down 8.3% since 2007, the Census Bureau said. The recession began in December 2007 and ended in June 2009.

The bureau also reported that the nation's official poverty rate was 15% in 2012, which represented 46.5 million people living at or below the poverty line. Last year marked the second consecutive year that neither the official poverty rate nor the number of people living in poverty were statistically different from the previous year's estimates.

The percentage of people without health insurance coverage fell to 15.4% in 2012 from 15.7% in 2011. But the number of people without coverage - 48 million - was also little changed from the 2011's estimate of 48.6 million.


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