https://fortune.com/2023/09/12/real-household-income-inflation/
US inflation-adjusted household income fell in 2022 by the most in
over a decade, highlighting the toll of a higher cost of living and
the expiration of pandemic-era programs.
The median income last year was $74,580 compared with $76,330 in
2021, according to the Census Bureau’s annual reports on income,
poverty and health insurance coverage.
The 2.3% drop in incomes — which was the most since 2010 — marked the third-straight annual decline, which has been a feature of past
recessions like the global financial crisis, the dotcom bubble and
the downturn in the early 1990s. Last year, American families faced
the the largest annual increase in the cost-of-living adjustment in
over four decades.
On 9/12/23 6:19 PM, ScottW wrote:
https://fortune.com/2023/09/12/real-household-income-inflation/
US inflation-adjusted household income fell in 2022 by the most in
over a decade, highlighting the toll of a higher cost of living and
the expiration of pandemic-era programs.
The median income last year was $74,580 compared with $76,330 in
2021, according to the Census Bureau’s annual reports on income,
poverty and health insurance coverage.
The 2.3% drop in incomes — which was the most since 2010 — marked the third-straight annual decline, which has been a feature of pastSure, I can:
recessions like the global financial crisis, the dotcom bubble and
the downturn in the early 1990s. Last year, American families faced
the the largest annual increase in the cost-of-living adjustment in
over four decades.
"The official US poverty rate ... edged lower to 11.5% from 11.6% in the prior year. The rate has been roughly cut in half over the past six decades...
Hourly earnings have ... started to outpace inflation in recent months
after lagging for two years...
The so-called Gini index — a measure of income inequality — fell to 0.488, indicating a narrowing of the gap as pay among the highest
earners decreased... [and] incomes for those among the bottom 10th
ticked up to $17,100."
On Tuesday, September 12, 2023 at 5:40:51 PM UTC-7, mINE109 wrote:
On 9/12/23 6:19 PM, ScottW wrote:
https://fortune.com/2023/09/12/real-household-income-inflation/Sure, I can:
US inflation-adjusted household income fell in 2022 by the most
in over a decade, highlighting the toll of a higher cost of
living and the expiration of pandemic-era programs.
The median income last year was $74,580 compared with $76,330 in
2021, according to the Census Bureau’s annual reports on income,
poverty and health insurance coverage.
The 2.3% drop in incomes — which was the most since 2010 — marked
the third-straight annual decline, which has been a feature of
past recessions like the global financial crisis, the dotcom
bubble and the downturn in the early 1990s. Last year, American
families faced the the largest annual increase in the
cost-of-living adjustment in over four decades.
"The official US poverty rate ... edged lower to 11.5% from 11.6%
in the prior year. The rate has been roughly cut in half over the
past six decades...
However, the supplemental poverty measure — which is based on
post-tax income and includes government-transfer payments like
stimulus checks — rose to 12.4% last year. It was the first increase
since 2010, which in part reflected the end of government
pandemic-era programs and stimulus payments.
For children, the SPM rate more than doubled last year after the
expiration of the advance child-tax credit. The benefit, which was
expanded in 2021 as a part of Biden’s signature American Rescue Plan,
gave families as much as $300 per child per month.
Hourly earnings have ... started to outpace inflation in recent
months after lagging for two years...
The so-called Gini index — a measure of income inequality — fell
to 0.488, indicating a narrowing of the gap as pay among the
highest earners decreased... [and] incomes for those among the
bottom 10th ticked up to $17,100."
Median incomes at the 90th percentile fell to $216,000 in 2022, while
incomes for those among the bottom 10th ticked up to $17,100.
I know you don't care about the rich but they're the poor bastards
that are paying taxes and this is really bad news for gov't revenue
and deficits.
On 9/12/23 11:12 PM, ScottW wrote:
On Tuesday, September 12, 2023 at 5:40:51 PM UTC-7, mINE109 wrote:
On 9/12/23 6:19 PM, ScottW wrote:
https://fortune.com/2023/09/12/real-household-income-inflation/Sure, I can:
US inflation-adjusted household income fell in 2022 by the most
in over a decade, highlighting the toll of a higher cost of
living and the expiration of pandemic-era programs.
The median income last year was $74,580 compared with $76,330 in
2021, according to the Census Bureau’s annual reports on income,
poverty and health insurance coverage.
The 2.3% drop in incomes — which was the most since 2010 — marked >>> the third-straight annual decline, which has been a feature of
past recessions like the global financial crisis, the dotcom
bubble and the downturn in the early 1990s. Last year, American
families faced the the largest annual increase in the
cost-of-living adjustment in over four decades.
"The official US poverty rate ... edged lower to 11.5% from 11.6%
in the prior year. The rate has been roughly cut in half over the
past six decades...
However, the supplemental poverty measure — which is based on
post-tax income and includes government-transfer payments like
stimulus checks — rose to 12.4% last year. It was the first increase since 2010, which in part reflected the end of government
pandemic-era programs and stimulus payments.
For children, the SPM rate more than doubled last year after the expiration of the advance child-tax credit. The benefit, which was expanded in 2021 as a part of Biden’s signature American Rescue Plan, gave families as much as $300 per child per month.That's on Republicans for not extending those programs.
Hourly earnings have ... started to outpace inflation in recent
months after lagging for two years...
The so-called Gini index — a measure of income inequality — fell
to 0.488, indicating a narrowing of the gap as pay among the
highest earners decreased... [and] incomes for those among the
bottom 10th ticked up to $17,100."
Median incomes at the 90th percentile fell to $216,000 in 2022, while incomes for those among the bottom 10th ticked up to $17,100.All there in the report.
https://www.census.gov/content/dam/Census/library/publications/2023/demo/p60-279.pdf
I know you don't care about the rich but they're the poor bastardsChanging the subject and snipping my points.
that are paying taxes and this is really bad news for gov't revenue
and deficits.
you're a rich white guy.
The deficits will improve when Trump's tax cuts expire.
On Wednesday, September 13, 2023 at 7:01:09 AM UTC-7, mINE109 wrote:
On 9/12/23 11:12 PM, ScottW wrote:
On Tuesday, September 12, 2023 at 5:40:51 PM UTC-7, mINE109 wrote:That's on Republicans for not extending those programs.
On 9/12/23 6:19 PM, ScottW wrote:
https://fortune.com/2023/09/12/real-household-income-inflation/Sure, I can:
US inflation-adjusted household income fell in 2022 by the most
in over a decade, highlighting the toll of a higher cost of
living and the expiration of pandemic-era programs.
The median income last year was $74,580 compared with $76,330 in
2021, according to the Census Bureau’s annual reports on income,
poverty and health insurance coverage.
The 2.3% drop in incomes — which was the most since 2010 — marked >>>>> the third-straight annual decline, which has been a feature of
past recessions like the global financial crisis, the dotcom
bubble and the downturn in the early 1990s. Last year, American
families faced the the largest annual increase in the
cost-of-living adjustment in over four decades.
"The official US poverty rate ... edged lower to 11.5% from 11.6%
in the prior year. The rate has been roughly cut in half over the
past six decades...
However, the supplemental poverty measure — which is based on
post-tax income and includes government-transfer payments like
stimulus checks — rose to 12.4% last year. It was the first increase
since 2010, which in part reflected the end of government
pandemic-era programs and stimulus payments.
For children, the SPM rate more than doubled last year after the
expiration of the advance child-tax credit. The benefit, which was
expanded in 2021 as a part of Biden’s signature American Rescue Plan,
gave families as much as $300 per child per month.
More unfunded programs from dems.
If you had the votes to expand it why not extend it too?
Let me guess....politics. Your party would rather have the issue to
blame.
All there in the report.Hourly earnings have ... started to outpace inflation in recent
months after lagging for two years...
The so-called Gini index — a measure of income inequality — fell
to 0.488, indicating a narrowing of the gap as pay among the
highest earners decreased... [and] incomes for those among the
bottom 10th ticked up to $17,100."
Median incomes at the 90th percentile fell to $216,000 in 2022, while
incomes for those among the bottom 10th ticked up to $17,100.
https://www.census.gov/content/dam/Census/library/publications/2023/demo/p60-279.pdf
I know you don't care about the rich but they're the poor bastardsChanging the subject and snipping my points.
that are paying taxes and this is really bad news for gov't revenue
and deficits.
It's very relevant to your complaints about gov't not funding programs.
I guess it's bad news if you're a rich white guy.
It's bad news if you're a poor piano teacher...
The deficits will improve when Trump's tax cuts expire.
And the middle class will get hammered and homelessness will get even worse. We're on the cusp of recession and you want to raise taxes.
Brilliant!
"We've got new poverty and income data for 2022 from the Census, and
there's a lot in there, but this is a big takeaway: While real median
income overall dropped, it ONLY dropped significantly for white workers,
and the least educated saw gains."
Changing the subject and snipping my points. I guess it's bad news if
you're a rich white guy.
"We've got new poverty and income data for 2022 from the Census, and
there's a lot in there, but this is a big takeaway: While real median
income overall dropped, it ONLY dropped significantly for white workers,
and the least educated saw gains."
I get it. Fuck white workers.
v
Changing the subject and snipping my points. I guess it's bad news if
you're a rich white guy.
You made your points. Its not up to Scott and me to repeat them for you
On 9/14/23 5:15 PM, Art Sackman wrote:
v
You made your points. Its not up to Scott and me to repeat them for youYes, it is, if you comment as if they were never there as Scott has been known to do.
On 9/14/23 5:12 PM, Art Sackman wrote:
OTOH, your lack of education is paying off.
On Friday, September 15, 2023 at 10:45:26 AM UTC-4, mINE109 wrote:
On 9/14/23 5:12 PM, Art Sackman wrote:
OTOH, your lack of education is paying off.
i have a classic Great Books education.
Dead white people, some whom owned slaves.
Few women
fewer POC's
Never been exposed to a trans (thank God)
On 9/15/23 6:50 PM, Art Sackman wrote:c
Never been exposed to a trans (thank God)That you know of.
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