“The U.S. Census Bureau announced today that real median household income increased by 1.8 percent between 2016 and 2017, while the official poverty rate decreased 0.4 percentage points. At the same time, the number of people without health insurance coverage and the uninsured rate were not statistically different from 2016. Median household income in the United States in 2017 was $61,372, an increase in real terms of 1.8 percent from the 2016 median income of $60,309. This is the third consecutive annual increase in median household income. The nation’s official poverty rate in 2017 was 12.3 percent, with 39.7 million people in poverty. The number of people in poverty in 2017 was not statistically different from the number in poverty in 2016. The 0.4 percentage-point decrease in the poverty rate from 2016 (12.7 percent) to 2017 represents the third consecutive annual decline in poverty. Since 2014, the poverty rate has fallen 2.5 percentage points, from 14.8 percent to 12.3 percent. The percentage of people without health insurance coverage for the entire 2017 calendar year was 8.8 percent, or 28.5 million, not statistically different from 2016 (8.8 percent or 28.1 million people). Between 2016 and 2017, the number of people with health insurance coverage increased by 2.3 million, up to 294.6 million.
These findings are contained in two reports: Income and Poverty in the United States: 2017 and Health Insurance Coverage in the United States: 2017.
Another Census Bureau report, The Supplemental Poverty Measure: 2017, was also released today. The supplemental poverty rate in 2017 was 13.9 percent, not statistically different from the 2016 supplemental poverty rate of 14.0 percent. The Supplemental Poverty Measure (SPM) provides an alternative way of measuring poverty in the United States and serves as an additional indicator of economic well-being. The Census Bureau has published poverty estimates using the SPM annually since 2011 with the collaboration of the Bureau of Labor Statistics. The Current Population Survey, sponsored jointly by the Census Bureau and Bureau of Labor Statistics, is conducted every month and is the primary source of labor force statistics for the U.S. population; it is used to calculate the monthly unemployment rate estimates. Supplements are added in most months; the Annual Social and Economic Supplement is designed to give annual, national estimates of income, poverty and health insurance numbers and rates. The most recent Annual Social and Economic Supplement was conducted nationwide (February, March and April 2018) and collected information about income and health insurance coverage during the 2017 calendar year.”