Census Report: Household Income Lower Than 2020, Poverty Levels Jump

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Americans’ incomes are lower than four years ago and inflation skyrocketed because of government spending. Poverty increased even after taking into account government assistance, data show.

I ask you, who the hell would vote for that?

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Census data released Thursday showed Americans are less well off than they were four years ago. Across the board, average household income was down by $1,221 after taking into account inflation, according to the Annual Community Survey, whose 2023 numbers were released by the Census Bureau on Thursday. The portion of households with income of less than $10,000 in 2023 grew by a full percentage point compared to 2019, from 4.3% to 5.3%. Fewer American households are making $75,000 or more per year, once past earnings are put into 2023 dollars that factor in inflation spurred by massive government spending. Compared to 2019, the percentage of households making $150,000 to $200,000 has dropped 0.2%, while the share making more than that remained the same. The Census figures deal a blow to Vice President Kamala Harris, whose presidential campaign is built on a pledge that Harris will fight inflation (Daily Wire).

Real median rental costs, defined as rent plus the average monthly costs of utilities once inflation is taken into account, increased 3.8% last year while real median home values rose 1.8%. Every year between 2011 and 2019, real rental costs increased by less than 3.0% (Newsmax).

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Fewer American households are making $75,000 or more per year, once past earnings are put into 2023 dollars that factor in inflation spurred by massive government spending. Compared to 2019, the percentage of households making $150,000 to $200,000 has dropped 0.2%, while the share making more than that remained the same.

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The Census figures deal a blow to Vice President Kamala Harris, whose presidential campaign is built on a pledge that Harris will fight inflation. Former President Donald Trump and his allies have repeatedly criticized Harris for making this pledge, noting that inflation has skyrocketed during the Biden-Harris administration, which has done little to correct the problem.

Inflation has hit those on fixed incomes particularly hard. Social Security checks don’t go as far, and retirement income averaged $31,482 —which, after adjusting for inflation, is $2,450 less than the average retirement income in 2019.

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