Americans’ inflation-adjusted incomes rebounded to pre-pandemic levels last year
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.
“We are back to that pre-COVID peak that we experienced,” said Liana Fox, assistant division chief in the Social, Economic and Housing Statistics Division at the Census Bureau.
Funny, there were poor and desperate people lining my cities streets before COVID and it just got worse post-COVID.
We're doing fuck all for American citizens and then absolutely crowing when we're barely scraping back to where we were, and where we were wasn't that fucking great to begin with.
Pre-COVID US had just as many broken and desperate people, had just as many people who couldn't actually afford to live in the city they actually worked in, and essentially had an underclass of "working homeless." But I guess getting back to the same level of working homeless is something to celebrate!!
So shout from the rooftops everybody, we're back to that weak ass bullshit of a point! Rejoice, our economy is doing good enough that the middle class people can turn up their noses and ignore everyone our economy hurts!
Yeah, I couldn't believe the ridiculous narrative either. After the reading the article though, it at least makes some sense for me as a Mexican-American dude. It's mainly white people doing better and I guess that totally tracks (also helps explains why so many people here are ready to believe it). I honestly sometimes forget to remind myself "American" hardly ever means all Americans
That said, it's wild how little discussion there is on this here and how any mention of frustration with the accepted narrative results in others thinking you're just a bitter idiot, or something
Sometimes I wonder when the revolution will happen.
It's going to be some really dumb shit that breaks this camel's back because all the important stuff is already happening.
So still shit, but slightly less shit?
Basically. Now we're back on the original downward trajectory instead of an uncontrolled death spiral.
Permanently Deleted
another horseshit propaganda article being put out before the elections to try to put icing over the rotten, moldy cake that is the US
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. It was the first increase since 2019, and is essentially unchanged from that year’s figure of $81,210, officials said. (The median income figure is the point at which half the population is above and half below and is less distorted by extreme incomes than the average.)
it’s just data from a census report, guy. Not a “spin”. Reading is fundamental.
I still fucking hate this bullshit metric designed to hide the actual issue, pay. Not everyone is married and even still, that would be 80k for at least two people.
I believe household income is all earners in a location. Track individual incomes! Why don't you track individual incomes? (Insert duck chasing person meme here)