by Calculated Risk on 9/16/2014 10:28:00 AM

From the Census Bureau: Income, Poverty and Health Insurance Coverage in the United States: 2013

The nation’s official poverty rate in 2013 was 14.5 percent, down from 15.0 percent in 2012. The 45.3 million people living at or below the poverty line in 2013, for the third consecutive year, did not represent a statistically significant change from the previous year’s estimate.

Median household income in the United States in 2013 was $51,939; the change in real terms from the 2012 median of $51,759 was not statistically significant. This is the second consecutive year that the annual change was not statistically significant, following two consecutive annual declines.
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These findings are contained in two reports: Income and Poverty in the United States: 2013 and Health Insurance Coverage in the United States: 2013.

Click on graph for larger image.

From Census:

• In 2013, real median household income was 8.0 percent lower than in 2007, the year before the most recent recession (Figure 1 and Table A-1).

• Median household income was $51,939 in 2013, not statistically different in real terms from the 2012 median of $51,759 (Figure 1 and Table 1). This is the second consecutive year that the annual change was not statistically significant, following two consecutive years of annual declines in median household income.

From Census:

• In 2013, the official poverty rate was 14.5 percent, down from 15.0 percent in 2012 (Figure 4). This was the first decrease in the poverty rate since 2006.

• In 2013, there were 45.3 million people in poverty. For the third consecutive year, the number of people in poverty at the national level was not statistically different from the previous year’s estimate.

• The 2013 poverty rate was 2.0 percentage points higher than in 2007, the year before the most recent recession.