2023 U.S. Poverty Rate Hovers At 11%

In 2023, the official U.S. poverty rate fell 0.4 percentage points to 11.1%, or about 36.8 million people in poverty during that year, essentially the same rate as the previous year. When a family’s total income is less than the family’s threshold, the U.S. Census Bureau (Census Bureau) considers that family and every individual in that family in poverty. Although the poverty rate remained the same, real median household income during 2023 increased by 4.0% over 2022, from $77,540 rising to $80,610, representing the first statistically significant annual increase in . . .