The US poverty rate dropped to 10.2% with median household income reaching a record $87,460 according to preliminary 2025 figures. However, the Census Bureau has only confirmed 2024 data, showing a poverty rate of 10.6% and median income of $83,730, statistically unchanged from 2023. The decline in poverty without median income growth suggests improvements were concentrated at the lower end of the income distribution. Official 2025 figures will not be released before September 2026, and the Economic Policy Institute anticipated limited improvement in 2025 economic metrics due to softer job growth and changes to safety net policies.
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