US median household income rises 4% to $80,610, poverty rate decreases slightly to 11.1%, income gap between men and women widens.

In 2023, the inflation-adjusted median income for U.S. households rose 4% to $80,610, nearing its 2019 level, according to the Census Bureau. The poverty rate decreased slightly to 11.1% from 11.5% in 2022. However, the income gap between men and women widened, marking the first increase in the gap in over two decades. Despite these gains, living standards remained unchanged from 2019, with varying income changes across racial groups.

September 10, 2024
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