Real US household income rose in 2023 for first time in four years
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Real US household income increased by 4% in 2023, the first annual gain since 2019; median income reached US$80,610 compared to US$77,540 in 2022; incomes remain US$600 lower than in 2019; White households saw income increases while Black, Asian, and Hispanic families saw no significant change; real median earnings for full-time working men rose twice as fast as women; official US poverty rate fell to 11.1%, while supplemental poverty measure rose to 12.9%; economic issues are central in the presidential election campaign with Vice President Kamala Harris proposing tax credits and lower prescription drug costs, while Donald Trump blames the Biden Administration for high living costs.

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