"The median household income, adjusted for inflation, rose 4% to $80,610 in 2023, up from $77,450 in 2022. It was the first increase since 2019, and is essentially unchanged from that year’s figure of $81,210."
"We are back to that pre-COVID peak that we experienced," said Liana Fox, assistant division chief in the Social, Economic and Housing Statistics Division at the Census Bureau.
"The proportion of Americans living in poverty also fell slightly last year, to 11.1%, from 11.5% in 2022, indicating a slight improvement in the financial conditions of Americans."
"While the typical American household regained its 2019 purchasing power in 2023, it essentially experienced no rise in living standards over that period."
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