2024 Census Reveals Stagnant Household Income and Stable Poverty Rates
TL;DR Summary
In 2024, inflation offset income gains for most Americans, keeping household incomes steady, though the wealthiest 10% saw increases and women and Black people experienced losses, according to the U.S. Census Bureau.
- Inflation quashed household income gains in 2024, census finds The Washington Post
- Median income barely rose during the Biden administration CNN
- The Poverty Rate Was Stable Last Year, as Household Income Grew Slightly The New York Times
- Roundup: US household incomes / Jamie Dimon / Microsoft workers Baton Rouge Business Report
- To Understand Next Week’s 2024 Census Data, Keep the Bigger Story About Government’s Impact on Poverty, Health Coverage in Mind Center on Budget and Policy Priorities
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