Household incomes rise to new high, but rate of health coverage flattens

Americans' incomes rise, but annual gains are slowing

Americans' incomes rise, but annual gains are slowing

The Census data showed that median household income increased in 2017 to $61,372, an increase of 1.8 percent after taking inflation into account, and is considered to be the highest on record.

USA household incomes rose again in 2017, according to Census Bureau figures released Wednesday that suggest more Americans are benefiting from the strong economy.

The 2017 median income is the highest level reported by the Census Bureau, but the agency changed the methodology used to calculate the figure in 2013, complicating comparisons to prior years.

The nation's median income - the midpoint where half makes more and half less - didn't start rising again until 2014.

Turkish lira hits new high amid rate hike talk
It said: "Accordingly, the committee has made a decision to implement a strong monetary tightening to support price stability". It was not immediately clear if Erdogan had been aware of the central bank's decision when he made his comments.

The median USA household income rose for a third straight year in 2017 to the highest on record since 1967 by one measure, but the gap between white- and non-white households widened, government data showed on Wednesday.

The economy added 2.2 million jobs in 2017, with the unemployment ending the year at 4.1 percent.

Much of these gains in household income and workforce participation come as the economy's strength continues to climb in 2018. Inflation-adjusted earnings for male and female full-time workers also dropped 1.1 percent each in 2017. The poverty rate inched down 0.4 percentage point.

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