U.S. incomes rises as poverty rate declines in 2017

By Katanga JohnsonWASHINGTON (Reuters) - The median U.S. household income rose for a third straight year in 2017 and the poverty rate declined further, government data showed on Wednesday.

The Census Bureau said in its Income, Poverty and Health Insurance Coverage and Supplemental Poverty Measure report that median household incomes increased 1.8 percent to $61,400 last year. "The median income is statistically tied to the pre-recession estimate for 2007 and 1999, the year with the highest estimated median household income," said Trudi Renwick,.

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