US household incomes rose 4% on an inflation-adjusted basis in 2023, Census Bureau says

Household incomes rose in 2023, while the government’s official poverty measure slid but the percentage of Americans without health insurance ticked up, the Census Bureau said Tuesday.
According to the agency, real median household income rose 4% last year from 2022, the first “statistically significant” Y/Y rise since 2019 while the official poverty rate stood at 11.1%, down 0.4 percentage point.
Some 8% of people did not have health insurance in 2023, up from 7.9% the year before.
Real median household income was $80,610 last year, up from $77,540, the bureau said. White households saw a 5.4% rise while Black, Asian, and Hispanic households saw no “significant change.”
Real earnings for men who worked full time rose 3% while women saw a 1.5% gain.
The Census Bureau said the full-time female-to-male earnings ratio fell to 82.7% in 2023 from 84% in 2022, the first significant Y/Y fall since 2003.
The agency said there were 36.8 million people in poverty last year, flat with 2022. The poverty rate retreated for White and non-Hispanic whites, women, 18- to-64-year-olds, unrelated individuals, all workers, less than full-time workers, and those with some college education. The only group that saw a significant rise in their official poverty rate was the two more races demographic.
Some 92%, or 302 million, had health insurance at some point in 2023, flat with 2022. Private insurance coverage remained more prevalent that public coverage at 65.4% to 36.3%, respectively.
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