Economy

Inflation-Adjusted US Household Income Rises, Yet Not to Pre-Pandemic Levels: Census

Poverty metric jumps and health insurance coverage rates decline for young Americans.
Inflation-Adjusted US Household Income Rises, Yet Not to Pre-Pandemic Levels: Census
Workers assemble cars at the newly renovated Ford Assembly Plant in Chicago on June 24, 2019. Jim Young/AFP via Getty Images
Andrew Moran
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New federal government data show that real (inflation-adjusted) U.S. household incomes rose in 2023 for the first time since 2019 but have failed to recover to their pre-COVID-19 pandemic levels.

Last year, the median income was $80,610, a 4 percent increase from $77,540 in 2022, according to the Census Bureau’s “Income, Poverty and Health Insurance Coverage in the United States: 2022” report.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."