The 2 big reasons (one obvious, one subtle) why real median household income declined in 2022 – by New Deal democrat Last week, with its usual very big lag, median household income was reported by the Census Bureau for 2022. If, given big wage gains and hiring in 2022, you were expecting a significant increase, […]
Chandra Childers at Economic Policy Institute reports on household income: “Household incomes have fallen since 2019 despite growth in workers’ earnings“ “On Thursday, the U.S. Census Bureau released 2021 household income and household earnings data for states from the American Community Survey (ACS). National averages hide the wide disparities experienced by workers and families across […]
Median household income and housing affordability Let’s take a look at the affordability (or not!) of housing since there is no economic news of note today (Monday). Last week the Census Bureau released their annual report on median household income for the US, covering 2020. Since this is the best measure to gauge housing affordability, […]
Household debt and the pandemic This is something I used to pay a lot more attention to back around the time of the Great Recession. How stretched were American households in paying their monthly bills? The Federal Reserve publishes a quarterly update tracking this issue. Two of the metrics in that quarterly update are debt […]