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.
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Printing it doesn't make it true. Smells of propaganda. How many people do you know who got a raise over 7%?
This was for 2023 and the job market was hot that year. If you switched jobs you probably got a double digit pay rise, and many people were doing it. That's what drove the number.
However, the job market is kinda crashing right now in 2024. So I don't think it's a trend that will continue.
Idk how it could. Haven't tons of companies been announcing layoffs for like tens of thousands of workers for a few years now?
Hundreds of thousands each year for 3 years now, theres websites tracking