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U.S. household income, poverty hold steady

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WASHINGTON — The nation’s elevated poverty rate and stagnating median household income showed no meaningful changes in 2012, according to a new government report released Tuesday, while the number and percentage of people without health insurance declined slightly from 2011, due mainly to increased enrollment in the Medicare program.

The annual U.S. Census Bureau report shows the economic and social well-being of U.S. residents continued to stabilize in 2012 after several years of tumultuous decline following the Great Recession, which began at the end of 2007 and lasted until midway through 2009. But U.S. families still have a ways to go to recapture even the faltering economic strength of the weakened pre-recession labor market.

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