U.S. Household Incomes Rose 4% in 2023, Returning to Pre-Pandemic Levels

Household incomes increased in 2023 for the first time since the pandemic, with median income rising 4% from 2022. This recovery reflects easing inflation and a robust job market, bringing incomes back to pre-pandemic levels. However, poverty rates remain elevated, and income gains are uneven across demographics, with women and certain racial groups seeing smaller gains. Broader poverty measures and income inequality persist as issues.