The nation's poverty rate declined modestly in 2024, while the real median household income of $83,000-plus was not statistically changed from 2023. But local analysts say they expect next year's numbers to reflect ongoing economic tumult under the Trump administration.

The nation's poverty rate was 10.6% in 2024, which a U.S. Census Bureau official characterized as a "modest" 0.4% decline from the year before, with an estimated 35.9 million living in poverty, according to the bureau's Current Population Survey Annual Social and Economic Supplement, released Tuesday.

Lawrence Levy, executive dean of the National Center for Suburban Studies at Hofstra University, said: "As far as the income of everyday Americans goes, the dial hasn't moved much in the last few years, even as the wealthies

See Full Page