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(Reuters)

U.S. Household Incomes Surged 5.2% in 2015, First Gain Since 2007

Lifestyle and Budget Dow Jones Newswires

Incomes in the U.S. surged in 2015, delivering the first increase for family households in eight years. 

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The median annual household income -- the level at which half are above and half are below -- rose 5.2% from a year earlier, or $2,800, after adjusting for inflation, to $56,500, the Census Bureau said Tuesday. 

The boost leaves household incomes around 1.6% below the 2007 level, before the last recession began. 

The report also said the official poverty rate in 2015 was 13.5%, down 1.2 percentage points from 14.8% in 2014. 

Write to Nick Timiraos at nick.timiraos@wsj.com

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