WASHINGTON — The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in four decades to restore most Americans’ purchasing power. The proportion of Americans living in poverty also fell slightly last year, to 11.1%, from 11.5% in 2022. But the ratio of women’s median earnings to men’s widened for the first time in more than two decades as men’s income rose more than women’s in 2023. The latest data came Tuesday in an annual report from the Census Bureau, which said the median household income, adjusted for inflation, rose 4% to $80,610 in 2023, up from $77,450 in 2022.
Americans’ Inflation-adjusted Incomes Rebounded To Pre-pandemic Levels Last Year
Christopher S. Rugaber, Denver Post: Business
Tue, 09/10/2024 - 4:26pm
Topics: washington u.s liana fox economic housing statistics division vice president kamala harris on wednesday july august federal reserve former president donald trump social security medicaid april related articles the trump ohio speaker johnson harris-trump tv if steven durlauf university chicago colorado your morning dozen the americans americans census bureau we social american national news inflation-adjusted incomes rebounded year median poverty rose household unchanged proportion point reduce level data fell largely women child campaign purchasing essentially report power living decades time children men families credit presidential figure health experienced bill debate economists rate workers administration benefits
BING NEWS:
- Trump says inflation has cost households $28,000. Is that true?
Economists told CBS News the calculation is incomplete, since average household incomes have also risen over that time period.
09/19/2024 - 4:02 am | View Link - US incomes rebound to pre-pandemic levels
The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in four decades to restore most Americans’ purchasing power.
09/10/2024 - 7:32 pm | View Link - Incomes rebound to pre-pandemic
The inflation-adjusted median income returned to roughly the same as it was in 2019, restoring Americans' purchasing power after years of inflation. WASHINGTON (AP) — The inflation-adjusted median ...
09/10/2024 - 8:45 am | View Link - Americans' inflation-adjusted incomes rebounded to pre-pandemic levels last year
The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in four decades to restore most Americans’ purchasing power ...
09/10/2024 - 8:41 am | View Link - American household incomes rebounded in 2023 to pre-pandemic levels
New Census data finds the typical household earned $80,610 last year, a 4% jump from 2022 and the first significant boost since 2019.
09/10/2024 - 6:15 am | View Link - More
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