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
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