US Income and Mobility Trends Show Mixed Economic Signals in 2024
TL;DR Summary
The US Census Bureau reported a slight decrease in income inequality, increased educational attainment, greater demographic diversity, fewer people moving, and rising housing costs in 2024, reflecting ongoing economic and social shifts in the United States.
- Income inequality dipped and fewer people moved, according to largest survey of US life AP News
- Monthly mortgage payments are highest in decades, Census Bureau says The Washington Post
- U.S. median household income rose slightly in 2024—the bump may still be 'economically meaningful,' economist says CNBC
- The average American hasn't gotten any richer over the last 5 years after a breakneck 21% boost from 2014-2019 Fortune
- Median income dipped in Houston area last year, bucking big-city trend Houston Chronicle
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