Poverty in the United States: 2024 – Census Bureau
Inflation quashed household income gains in 2024, census finds – msn/WaPost
“Most Americans’ household income remained steady last year, in part because inflation counteracted gains in income, the U.S. Census Bureau said Tuesday. But there were some notable exceptions: The richest 10 percent of households saw their income rise, and women and Black people lost ground, the census data shows…”
“Today’s Census report shows that the economy was reasonably strong in 2024, but wide inequities across income, racial, and ethnic groups persisted. Median income kept pace with inflation and stood at a record high under one measure; health coverage was unchanged overall; and the official poverty rate declined. (One Supplemental Poverty Measure fell and another was unchanged.)
“Viewed over the longer term, the data highlight the powerful impact policymakers’ decisions have on people’s lives. Policy advances over the last 25 years have helped millions of people secure health coverage and lifted millions of people above the poverty line. However, if left unchanged, July’s Republican megabill will erode much of the progress on health coverage and push poverty and inequality higher…”
Breaking Down the New Census Data on Poverty in America – AEI discussion
The 400 Richest People In America – Fortune