Thursday, September 13, 2018

Income and Poverty in the United States: 2017


"This report presents data on income, earnings, income inequality, and poverty in the United States based on information collected in the 2018 and earlier Current Population Survey Annual Social and Economic Supplements (CPS ASEC) conducted by the U.S. Census Bureau.

Highlights

Income:

  • Median household income was $61,372 in 2017, an increase in real terms of 1.8 percent from the 2016 median of $60,309.  This is the third consecutive annual increase in median household income.
  • The 2017 real median income of family households increased 1.4 percent from 2016 to $77,713.  Real median income for married-couple households increased 1.6 percent between 2016 and 2017.
  • The real median income of households maintained by non-Hispanic Whites ($68,145) and Hispanics ($50,486) increased 2.6 percent and 3.7 percent, respectively, between 2016 and 2017.  This is the third annual increase in median household income for these two groups. Among the race groups, households maintained by Asians had the highest median income in 2017, $81,331.
  • The real median income of households maintained by a native-born person increased 1.5 percent between 2016 and 2017, while the 2017 real median income of households maintained by a foreign-born person was not statistically different from 2016..."
    Income and poverty

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