How the middle class was hollowed out from 1979 to 2022, according to new federal data

The top 1% saw its share of household income double from 1979 to 2022, going from 9% to 18%, the CBO said. The middle cohort ...
Pew Research Center

The State of the American Middle Class

This report examines key changes in the economic status of the American middle class from 1970 to 2023 and its demographic attributes in 2022. The historical analysis is based on U.S. Census Bureau ...
AOL

Where income increased most across the US

Inflation regularly increases the prices of goods, services, and resources, making the cost of living less affordable with a dollar that does not keep up with that growth. The Bureau of Labor ...
Washington Examiner

Median household income fell in 2022, adjusted for inflation, Census Bureau says

Median household income fell by 2.3% in 2022 on an inflation-adjusted basis, the Census Bureau reported Tuesday. The report, which is released on an annual basis and is taken from the Census Bureau’s ...
AOL

Where income has declined most nationwide

Just as inflation can drive up costs, macroeconomic shifts, layoffs, or industry downturns can lead to declines in household income, potentially posing challenges to families affording housing, ...
SmartAsset on MSN

Earned Income Tax Credit explained

The Earned Income Tax Credit (EITC) reduces tax bills for low-to-moderate-income working families. It's a tax credit that ...
Yahoo

Zelenskyy's declarations show his and his family's income decreased threefold in 2022

The income of Ukrainian President Volodymyr Zelenskyy and his family has decreased from 10.8 million hryvnias (US$285,000) in 2021 to 3.7 million hryvnias (US$97,700) in 2022. Source: website of the ...