Post #6157 by LurkerMom on the US Policy board

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'U.S. Incomes Fall for Third Straight Year
Rapid price increases hit household finances in 2022, cutting inflation-adjusted median income to $74,580
Surging inflation gobbled up household income gains last year, making 2022 the third straight year in which Americans saw their living standards eroded by rising prices and pandemic disruptions.

Americans' inflation-adjusted median household income fell to $74,580 in 2022, declining 2.3% from the 2021 estimate of $76,330, the Census Bureau said Tuesday. The amount has dropped 4.7% since its peak in 2019.'

https://www.wsj.com/economy/u-s-incomes-fall-for-t...

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