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http://www.marketwatch.com/news/story.asp?guid=%7BAA922AC6%2DADB4%2D4691%2DAE17%2DBCF7C0AF9C29%7D&siteid=mktwWASHINGTON (MarketWatch) - For the second straight year, the income of the typical U.S. family was unchanged in 2004 after adjusting for inflation, the Census Bureau said Tuesday.
The real median income of U.S. households was essentially unchanged at $44,389 in 2004, the government said in its annual report on income and poverty trends.
"Median income" means half of U.S. households made more, and half made less. "Real" means adjusted for inflation.
The official poverty rate increased from 12.5% to 12.7%, representing 37 million people in poverty, up from 35.9 million in 2003. Among children, the poverty rate remained at 17.8% or 13 million.
For a family of four, the poverty level was defined as household income of $19,307. For a single person, it was income of $9,645.
Real median earnings for men working full-time and year-round fell 2.3% to $40,798, while real median earnings for women working full-time fell 1% to $31,223. Women working full-time earned 77% of men working full time, up from 76% in 2003.
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