Discover the Plunge in US Incomes: Uncovering Surging Inflation as the Root Cause for Median Household Income Decrease to $74,580 in 2022, a 2.3% Decline from 2021
Americans are grappling with a third consecutive year of falling incomes as inflation continues to surge. According to the latest report from the Census Bureau, median household incomes have dropped to $74,580 in 2022, down 2.3% from the 2021 estimate of $76,330. This represents a significant 4.7% decline since their peak in 2019. These economic …