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Wednesday, October 2, 2013

Census Bureau: Income Trend and Health of Economy

On September 17, 2013, the US Census Bureau reported that there was no meaningful change in the country's poverty rate, which stood at 15 percent in 2012, with 46.5 million people earning at or below the federal poverty line of $11,170 per individual and $23,050 for a family of four. Prior to Great Recession, poverty rate was 12.5 percent in 2007.

The US median income last year (2012) stood at $51,017, not significantly below the 2011 median income of $51,100.

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