The official poverty rate fell 0.4 percentage points to 10.6% in 2024

See Income, Poverty and Health Insurance Coverage in the United States: 2024 from the U.S. Census Bureau. This was a press release from 9-9-25. Excerpts:

"The U.S. Census Bureau today announced that real median household income was $83,730 in 2024, not statistically different from the 2023 estimate of $82,690. The official poverty rate fell 0.4 percentage points to 10.6% in 2024."

• Median household income was $83,730 in 2024, not statistically different from the 2023 estimate of $82,690.
• Between 2023 and 2024, median income increased by 5.1% for Asian households and 5.5% for Hispanic households, while it declined by 3.3% for Black households. Median income did not change significantly for White or White non-Hispanic households. (The difference between the 2023-2024 percentage change in median household income for Asian householders and Hispanic householders was not statistically significant.)
• Income inequality as measured by the Gini index was not significantly different between 2023 and 2024.
• Household income at the 90th percentile increased 4.2%, but did not significantly change at the 10th and 50th percentiles between 2023 and 2024. 

• In 2024, the official poverty rate fell 0.4 percentage points to 10.6%. There were 35.9 million people in poverty in 2024.
• Between 2023 and 2024, the official poverty rate decreased for White, Asian and Hispanic individuals, but did not change significantly for other race groups discussed in the report. 

The 10.6% poverty rate is the 2nd lowest official poverty rate since 1959 when the Census Bureau first started reporting it. The lowest ever was the  10.5% in 2019. See Historical Poverty Tables: People and Families - 1959 to 2024. Then click on Table 2. Poverty Status of People by Family Relationship, Race, and Hispanic Origin. It is an Excel file.

See Historical Income Tables: Families from the Census Bureau. They also have a link for Gini coefficients for family income going back to 1947. See also Historical Income Tables: Households. See also Historical Poverty Tables: People and Families - 1959 to 2024. These Census Bureau links will take you to tables on poverty, incomes and inequality (the Gini coefficient measures inequality). Also see  Income & Poverty Data Tables.

Below are two timeline charts from the Census Bureau. One has income and the other has the poverty rate 

 

 

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The Level and Trend of Poverty in the United States, 1939-1979 (2018)

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