Inflation-adjusted median household income rose last year for the first time since the pandemic, new data shows.
Hours before United States Vice President Kamala Harris and former President Donald Trump faced off in their high-stakes presidential debate, the US Census Bureau released some key economic data.
While neither candidate mentioned it during the debate, it could prove crucial to the outcome of the race for the White House because of what it says about the candidates’ respective strengths and weaknesses.
The figures showed that the median income of US households, when adjusted for inflation, rose last year for the first time since the COVID-19 pandemic.
The median household took in $80,610 in 2023, up from $77,450 in 2022, after three straight years of decline.
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