Change in US Median Income: 2019 - 2022
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Lotta purple there.
Granted, it's data that are 8 months old, but I wonder if things have turned around.
Now, add the drop in median income to the 16-17% inflation since 2019, and you'll see why people are unhappy despite what Paul Krugman tells them.
@George-K said in Change in US Median Income: 2019 - 2022:
add the drop in median income to the 16-17% inflation since 2019,
I believe the data was inflation adjusted.
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@George-K said in Change in US Median Income: 2019 - 2022:
add the drop in median income to the 16-17% inflation since 2019,
I believe the data was inflation adjusted.
@taiwan_girl said in Change in US Median Income: 2019 - 2022:
I believe the data was inflation adjusted.
You're right...my feeble eyes didn't see that. Even so, the US overall is down 1.6%.
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To be honest, these numbers are quite a bit better than I would have expected, given what inflation's been doing. I would have thought it would take a while for wages to catch up, as companies are generally loath to give out big pay rises.
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Lotta purple there.
Granted, it's data that are 8 months old, but I wonder if things have turned around.
Now, add the drop in median income to the 16-17% inflation since 2019, and you'll see why people are unhappy despite what Paul Krugman tells them.
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@George-K said in Change in US Median Income: 2019 - 2022:
... and you'll see why people are unhappy despite what Paul Krugman tells them.
How many "people" read or hear Krugman?
What do you believe Krugman told these "people"?
@Axtremus said in Change in US Median Income: 2019 - 2022:
How many "people" read or hear Krugman?
People who watch CNN?
What do you believe Krugman told these "people"?
This.
ETA: The response to "How many people?" might be a small number. It is, after all, CNN
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@Axtremus said in Change in US Median Income: 2019 - 2022:
How many "people" read or hear Krugman?
People who watch CNN?
What do you believe Krugman told these "people"?
This.
ETA: The response to "How many people?" might be a small number. It is, after all, CNN
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Related:
US poverty rate jumped in 2022, child poverty more than doubled
The poverty rate in the United States increased last year, the first increase in 13 years, according to the Census Bureau.
In 2022, the poverty rate was 12.4%, up 4.6% from 2021, according to the Supplemental Poverty Measure (SPM), which looks at government programs and tax credits designed to help low-income families, according to the census.
The expiration of pandemic programs, including refundable tax credits and stimulus payments, at the start of 2022, led to an increase in the SPM over the official poverty rate, the census reported.
The poverty rate among children saw a sizeable increase, more than doubling from 5.2% in 2021 to 12.4% last year, census data shows.
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Related:
US poverty rate jumped in 2022, child poverty more than doubled
The poverty rate in the United States increased last year, the first increase in 13 years, according to the Census Bureau.
In 2022, the poverty rate was 12.4%, up 4.6% from 2021, according to the Supplemental Poverty Measure (SPM), which looks at government programs and tax credits designed to help low-income families, according to the census.
The expiration of pandemic programs, including refundable tax credits and stimulus payments, at the start of 2022, led to an increase in the SPM over the official poverty rate, the census reported.
The poverty rate among children saw a sizeable increase, more than doubling from 5.2% in 2021 to 12.4% last year, census data shows.
@George-K said in Change in US Median Income: 2019 - 2022:
Related:
US poverty rate jumped in 2022, child poverty more than doubled
The childhood poverty rate was artificially lowered via pandemic subsidies, of course it jumped back up once the subsidies stop.
