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The Independent UK
The Independent UK
Josh Marcus

Inflation ate away any financial gains in most households, census finds

Most Americans’ median household income was basically unchanged between 2023 and 2024 when factoring in inflation, according to newly released census data.

During that period, median household income grew from $82,690 to $83,730, a level not statistically significant. The figure has remained largely unchanged since the year before the Covid pandemic, underscoring the economic challenges that drove many voters to reject the high inflation of the late Biden administration during the 2024 election.

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