INCOMES HIT RECORD HIGHS IN 2019, POVERTY REACHES RECORD LOWS

Key Points:

  • The U.S. Census Bureau released data showing 2019 was a record year for income gains and declining poverty.
  • Median household income increased by 6.8% in 2019 to an all time record high.
  • Percentage of people in poverty declined by 1.3% points which was the largest reduction in poverty in over 50 years.