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Economy

Census: Poverty still at record high while income stagnates

By Joseph Lawler
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Census: Poverty still at record high while income stagnates

Five years after the financial crisis, the most recent data shows stagnant income growth and poverty levels stuck at a record high.

The Census Bureau reported Tuesday morning that the median household income was $51,017 in 2012, statistically indistinguishable from the 2011 median of $51,100.

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