US household income drops for third straight year

[Thinker101]

American households' income fell last year as their cost of living jumped higher than it has in over four decades amid soaring inflation and marking the third straight annual decline since the COVID-19 pandemic hit in 2020, according to data from the U.S. Census Bureau.

The federal agency reported Tuesday that U.S. real median household income fell by 2.3% to $74,580 in 2022, down from $76,330 in 2021, noting that inflation rose 7.8%, which is the largest annual increase in the cost-of-living adjustment since 1981.

The magic of Bidenomics.

US household income fell in 2022 for third straight year, Census data shows

 

[1srelluc]

 

[Moonglow]

Mine increased.

 

[Woodznutz]

Mine increased.

So did mine.

 

[Moonglow]

In 1981 I earned $7.50 an hour as a laborer on a brick crew.

 

[Cellblock2429]

American households' income fell last year as their cost of living jumped higher than it has in over four decades amid soaring inflation and marking the third straight annual decline since the COVID-19 pandemic hit in 2020, according to data from the U.S. Census Bureau.

The federal agency reported Tuesday that U.S. real median household income fell by 2.3% to $74,580 in 2022, down from $76,330 in 2021, noting that inflation rose 7.8%, which is the largest annual increase in the cost-of-living adjustment since 1981.

The magic of Bidenomics.

US household income fell in 2022 for third straight year, Census data shows

/----/ Thanks democRATs. You always manage to screw the pooch.

 

[pknopp]

Well there hasn't been any of those free checks in awhile.

 

[gipper]

Mine increased.

Is that all that matters to you?

 

[Thinker101]

Mine increased.

Damn, ya better call the census bureau. Let them know their data is all wrong...dumbass.

 

[DudleySmith]

Off-shore some more jobs, and import 20 million more immigrants. That's what Reagan would do.

 

[Nostra]

Bidenomics, man…..Bidenomics

 

[Moonglow]

Damn, ya better call the census bureau. Let them know their data is all wrong...dumbass.

they do not work again until 2029.

 

[Moonglow]

Is that all that matters to you?

yes

 

[BrokeLoser]

In 1981 I earned $7.50 an hour as a laborer on a brick crew.

That was before the wetback invasion….42 years later the dude doing your job is making $12 an hour off the books and untaxed.

 

[Moonglow]

That was before the wetback invasion….42 years later the dude doing your job is making $12 an hour off the books and untaxed.

Nope, they make $20-$25 bucks and hour now.

 

[gipper]

yes

You and Joe and Trump have much in common.

 

[Moonglow]

You and Joe and Trump have much in common.

Ain't life a biotch..

 

[Papageorgio]

Mine increased.

After adjusted inflation mine did not, seems to be common with most of America, we the people are losing spending power.

 

[Moonglow]

After adjusted inflation mine did not, seems to be common with most of America, we the people are losing spending power.

Just raise yer prices.

 

[Papageorgio]

Just raise yer prices.

If it were that easy.