Median household income was $68,700 in 2019, up 6.8% from the prior year and the highest figure on record.
The poverty rate was 10.5%, a drop of 1.3 percentage points from the year before and its lowest level since 1959, the first year it was tracked. wsj.com
The poverty rate was 10.5%, a drop of 1.3 percentage points from the year before and its lowest level since 1959, the first year it was tracked. wsj.com
Obviously this is all moot now due to the virus and severe downturn required to contain it, so why mention a stat so far in the rear view mirror?
It shows that the long expansion, one that began in June 2009, may have finally reached people who hadnβt benefited for several years
It shows that the long expansion, one that began in June 2009, may have finally reached people who hadnβt benefited for several years
The Federal Reserveβs new strategy that could compel longer periods of lower interest rates was guided by a view that these benefits that accrued late in the recovery outweighed perceived risks of higher inflation wsj.com
Also an important caveat in the Census survey data about lower response rates due to the pandemic
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