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Typical American Family Got Richer Last Year, Government Imagines
Do you feel richer? In real terms? Or in any other terms for that matter?
If your answer's "no" (or "NO!") don't worry, you aren't alone. I can assure you, you're not alone.
But according to Census Bureau data released on Tuesday, median incomes rose last year across the richest country history's ever known (a country where, inexplicably and inexcusably, pockets of almost Third World-style poverty still exist).
The typical household earned $80,610 in 2023, a 4% increase from 2022, when income
Corporate people. I like that.
What did Trump, or congress do in 2019 to engineer such a large jump in median earnings?
My recollection is that 2019 was a strong late cycle economy and strong market with low inflation, recession signs were flashing but it looked like the final burst of strength. Covid short-circuited everything, of course.