The U.S. Census Bureau announced earlier this month that real median household income increased by 5.2 percent between 2014 and 2015, while the official poverty rate decreased 1.2 percentage points. The nation’s official poverty rate in 2015 was 13.5 percent, with 43.1 million people in poverty, 3.5 million fewer than in 2014. The 1.2 percentage point decrease represents the largest annual percentage point drop in poverty since 1999.
Median household income in the United States in 2015, meanwhile, was $56,516, an increase in real terms of 5.2 percent from the 2014 median income of $53,718. This is the first annual increase in median household income since 2007. The percentage of people without health insurance coverage in 2015 was 9.1 percent, down from 10.4 percent in 2014. The number of people without health insurance declined to 29 million from 33 million.