The U.S. Census Bureau announced today that in 2012, real median household income and the poverty rate were not statistically different from the previous year, while the percentage of people without health insurance coverage decreased.
Median household income in the United States in 2012 was $51,017, not statistically different in real terms from the 2011 median of $51,100. This followed two consecutive annual declines.
The nation’s official poverty rate in 2012 was 15.0 percent, which represents 46.5 million people living at or below the poverty line. This marked the second consecutive year that neither the official poverty rate nor the numbers of people in poverty were statistically different from the previous year’s estimates. The 2012 poverty rate was 2.5 percentage points higher than in 2007, the year before the economic downturn.
The percentage of people without health insurance coverage declined to 15.4 percent in 2012 ─ from 15.7 percent in 2011. However, the 48.0 million people without coverage in 2012 were not statistically different from the 48.6 million in 2011.
These findings are contained in the report Income, Poverty, and Health Insurance Coverage in the United States: 2012. The following results for the nation were compiled from information collected in the 2013 Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC). The CPS-ASEC was conducted between February-April 2013 and collected information about income and health insurance coverage during the 2012 calendar year. However, the information on shared households pertains to the circumstances at the time of the survey. The CPS-based report includes comparisons with one year earlier. State and local results will be available on Thursday from the American Community Survey.