US inflation-adjusted income rose in 2023 while poverty rate edged up: Data

Quick Summary:

The worst inflation in more than 40 years, meanwhile, continued to vex both households and the U.S.Federal Reserve.

The income and poverty data for 2023 comes two months before the U.S.presidential election.

Real median household income rose to $80,610 in 2023, up 4.0% from 2022.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Poverty Tax credits US Inflation Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 21:59:04 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 389 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22450573

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