U.S. household incomes slip, poverty rate up slightly in 2014

September 16, 2015 6:02 PM

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U.S. household incomes slip, poverty rate up slightly in 2014

WASHINGTON American household incomes lost ground last year and the poverty rate ticked up, a sign the U.S. economic expansion had yet to lead to gains for many Americans five years after the 2007-2009 recession.

The data released by the U.S. Census Bureau on Wednesday, which showed the inflation-adjusted median income slipping to $53,657 last year from $54,462 in 2013, offered a reminder of the tepid nature of the economy's recovery.

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