US household income hit new high in 2017, poverty rate almost static

US median household income rose 1.8 percent in 2017 to $61,372, according to census data released Wednesday, though the poverty rate fell only marginally. The report followed earlier positive data on employment and consumer confidence that point to an improving American economy near the 10th anniversary of the 2008 Financial Crisis. The official poverty rate decreased 0.4 percent from the prior year to 12.3 percent, representing 39.7 million people -- though officials cautioned this was not statistically different from the 2016 level.

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