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

Economic IndicatorsDow Jones Newswires

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

Continue Reading Below

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

What do you think?

Click the button below to comment on this article.