Median U.S. household income reached $63,200 in 2018, the highest figure on record, new data released Tuesday by the Census Bureau revealed.
The official poverty rate also reached its lowest level since at least 2001, dropping to 11.8% of Americans, or 38.1 million people who are in poverty, according to the Census Bureau measurements. The number of people in poverty in 2018 decreased by 1.4 million people from 2017 levels.
Between 2014-2018, the United States experienced the strongest four-year improvement in the official poverty rate in decades.
With the significant improvements to median income and poverty witnessed from 2015-2017, 2018 was not a particularly unusual year in terms of economic growth trends. It represents the cumulative effort of the economic recovery that started in 2009.
California has the highest levels of poverty, with 18.2% of its people, or 7 million, in poverty. This is essentially due to the high cost of living in California versus other states.
In Arkansas, 13.1% of people live in poverty, which is close to the average for the nation (13.2%), while Iowa, with 6.8% in poverty, is the lowest in the country.
4 days ago
The DNC Bashes Mount Rushmore In A Now Deleted Tweet
The organization slammed the July 4 event for 'glorifying white supremacy'
4 days, 1 hour ago
Promise Made, Promise Kept: Governor Ron DeSantis Enacts Historic Teacher Pay Raises
Florida Governor Ron DeSantis has delivered on his “bold” yet “ambitious goal” of providing significant pay increases for Florida’s educators.
4 days, 19 hours ago
Governors Kim Reynolds and Eric Holcomb Continue To Lead For America’s Workers
Iowa Governor Kim Reynolds and Indiana Governor Eric Holcomb are continuing to lead the nation when it comes to innovative workforce development policy
1 week, 1 day ago
Galloway Advisor Calls Governor Mike Parson “Illiterate Hillbilly”
Galloway has thus far declined to condemn Lynn’s discriminatory remarks
1 week, 2 days ago
Rioters Who Topple Statues And Defy The Rule Of Law Should Be Punished
Violence against people and property has no place as a means to fulfill goals