Income inequality fell and fewer people moved and got married in the U.S. last year

"Income inequality dipped, more people had college degrees, fewer people moved to a different home and the share of Asian and Hispanic residents increased in the United States last year, according to figures released Thursday by the U.S. Census Bureau. These year-to-year changes, big and small, from 2023 to 2024 were captured in the bureau's data from the American Community Survey, the largest annual audit of American life."

"The survey of 3.5 million households asks about more than 40 topics, including income, housing costs, veterans status, computer use, commuting, and education. Here's a look at how the United States changed last year. Income inequality dips Income inequality - or the gap between the highest and lowest earners - in the United States fell nationwide by nearly a half percent from 2023 to 2024, as median household income rose slightly, from $80,002 to $81,604."

Income inequality in the United States fell nearly half a percent from 2023 to 2024 while median household income rose modestly from $80,002 to $81,604. The American Community Survey sampled 3.5 million households and captured changes across more than 40 topics, including income, housing, education, and mobility. Several states — Iowa, Nebraska, Ohio, South Dakota, Wisconsin, Georgia, Massachusetts, New Jersey, Oregon and Puerto Rico — showed statistically significant declines in inequality, while North Carolina experienced a significant increase linked to higher-paying job growth and normalization of lower-wage service pay. South Dakota and Nebraska saw declines tied to stronger income growth among lower- and middle-income households and high employment.

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