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Gain in U.S. Household Incomes Masks Wider Gaps on Gender, Race

New data shows the median household income, adjusted for inflation, rose 1.8% last year to $61,372.

By Shobhana Chandra | Updated on September 12, 2018
Shoppers and pedestrians walk along Canal Street in New Orleans. Photographer: Akasha Rabut/Bloomberg

Americans’ household incomes rose in 2017 and the poverty rate declined amid solid job growth in the world’s largest economy. Yet inequality worsened — by race, gender and income distribution.

Median household income, adjusted for inflation, rose 1.8% last year to $61,372, from $60,309 in 2016, according to annual data on income and poverty from the Census Bureau on Wednesday. The level roughly matches highs in 1999 and 2007 when accounting for changes to the survey, according to the bureau, though it’s the smallest gain in three years. The poverty rate declined by 0.4 percentage point to an 11-year low of 12.3%, with 39.7 million people living in poverty.

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