In 2023, the U.S. Census Bureau reported a real median household income of $80,610, a 4% increase from 2022, marking the first rise since 2019. However, disparities persist in household incomes, with cities in California, Virginia, and Washington boasting medians over $200,000. Inflation impacts wealth classes differently, as highlighted by McDonald's CEO Chris Kempczinski, who noted that while high-income consumers remain regular customers, lower-income individuals are visiting less. Major cities contribute significantly to the economy, generating 90% of the gross national product, emphasizing the importance of metropolitan areas in income disparities.
In 2023, the U.S. Census Bureau reported a 4% increase in real median household income, marking the first statistical rise since 2019.
Chris Kempczinski pointed out the divide in consumer behavior at McDonald's, where high-income patrons remain steady, while low- and middle-income customers visit less.
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