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

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

Americans’ household incomes rose in 2017 and the poverty rate declined amid solid job growth in the world’s largest economy. Median household income, adjusted for inflation, rose 1.8 percent last year to $61,372, from $60,309 in 2016, according to annual data on income and poverty from the Census Bureau on Wednesday. Racial gaps widened, with the median income for black households down 0.2 percent to $40,258, while non-Hispanic white household income rose 2.6 percent to $68,145.