U.S. incomes nearly flat in 2013; poverty dips slightly

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WASHINGTON (Reuters) – The median U.S. household income remained nearly flat at $51,939 in 2013 compared to the previous year, according to federal government data released on Tuesday that offered a key indicator of the country’s economic well-being.

Median household income rose just $180 from 2012, a statistically insignificant change, according to the U.S. Census Bureau’s annual estimates on income, poverty and health insurance coverage.

The nation’s poverty rate was slightly lower at 14.5 percent last year compared to 15 percent in 2012, the Census Bureau said.

The annual findings offer an indication of how people are faring economically in the United States, which is still recovering from the 2007-2009 Great Recession. They were released less than two months before congressional elections that could tip the balance of power in Congress.

“Annual increases in median household income were last experienced in 2007 for family households and in 2009 for non-family households,” Census researchers wrote in their report.

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