In 2022, median household income increased by 4% to $80,610, the first rise since 2019; yet, it remains $600 lower than pre-pandemic levels.
While the economy showed signs of recovery, many Americans feel worse off due to inflation causing significant increases in essential costs like groceries and housing.
Vice President Kamala Harris has proposed initiatives for low- and middle-class families to combat high living costs, while Donald Trump blames the current administration for economic struggles.
Real earnings for full-time working women rose at half the rate of men's, indicating a troubling trend that has reversed recent progress toward gender income equality.
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