Yesterday the U.S. Census Bureau released its latest report on income and poverty in the United States. Here are seven figures from the report you should know about:
1. Real median household income increased 5.2 percent between 2014 and 2015—from $53,700 to $56,500. (This is the first annual increase in median household income since 2007.)
2. In 2015 the median income of a married-couple household was $84,626. For a female head of household (no husband present) the median income was $37,797. For a male head of household (no wife present) the median income was $55,861.
3. The official poverty rate decreased by 1.2 percentage points between 2014 and 2015. The number of people in poverty fell by 3.5 million between 2014 and 2015.