Americans' real incomes return to pre-pandemic levels during high inflation, with a slight poverty rate decline.
Recent data indicates that Americans' inflation-adjusted incomes have returned to pre-pandemic levels, despite facing the highest inflation in 40 years. This recovery reflects economic resilience among the American workforce, allowing many to regain purchasing power. Additionally, the poverty rate saw a slight decline, from 11.5% to 11.1%. This milestone suggests a potential shift in the economic landscape post-pandemic.
September 10, 2024
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