US real wages shrink again

US HOUSEHOLD incomes barely grew last year, climbing up to $51,100 (£31,900) on average, after a below-inflation increase of $83 from 2011.

According to official statistics released yesterday, this is the fifth year in which median real wages have dropped. The number of Americans in poverty also climbed to 46.5m in 2012, despite a drop in the number without health insurance, which now stands at 48m.