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The Boston Globe


Fall in incomes, rise in poverty rates level off

Data suggest dive since recession has hit bottom

WASHINGTON — Three years into an economy recovery, falling household incomes and rising poverty rates have leveled, suggesting the deep slide caused by the recession has finally bottomed out, census statistics released Tuesday show.

In 2012, median household income nationwide remained at a little over $51,000, mirroring the 2011 numbers and ending a four-year downward trend, according to the Current Population Survey. That represents an 8 percent drop from 2007, when the recession officially began.

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