Incomes drop for third year in a row

The Hill ^ | 09/12/2023 | NICK ROBERTSON

[ChicagoConservative27]

Family incomes dropped by about $2,000 last year on average, the U.S. Census Bureau estimated on Tuesday.

Median family income has dropped every year since 2019, adjusted for inflation. The figure stood at $74,580 as of 2022, according to Census data, a 2.3 percent drop from 2021 levels.

The change may reflect rising inflation, which has cooled in recent months but nonetheless hurt families’ bottom lines. Last summer saw inflation hit a forty-year high.

Inflation slowed to 3.2 percent in July, down from over 9 percent a year before.

[ChicagoConservative27]

But pudding brain said everything is fine

[EvilCapitalist]

I miss mean tweets, cheap gas, and cheap food.

[fruser1]

There’s one class of employee that doesn’t have this problem:

There’s spearmint and pep’mint, but no mint like the gub’mint.

[Steely Tom]

Michelle Obama told graduating students not to make money their main focus in life.

[yesthatjallen]

Bidenomics.

[nickcarraway]

Budenomics working. Sucess!

[twister881]

Obama-Bernie-Soros-Schwabenomics...the real Commies controlling Meat Puppet.

[sauropod]

.

[monkeyshine]

Sounds like a good time to raises taxes.
/s

[Pajamajan]

bttt

[dfwgator]

[gibsonguy]

“Incomes drop for third year in a row”

Hmm what happened 3 years ago?

[Gay State Conservative]

All part of the plan to “fundamentally transform America”.

[entropy12]

and cheap interest rates on cars, low mortgage rates, cheap electricity, and no gang looting of stores.

[EvilCapitalist]

Yup, he did that alright.