Inflation Drags Real US Household Incomes by Most Since 2010
- Median income fell for a third year in 2022, Census data shows
- Poverty measure rose as pandemic-relief programs expired
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US inflation-adjusted household income fell in 2022 by the most in over a decade, highlighting the toll of a higher cost of living and the expiration of pandemic-era programs.
The median income last year was $74,580 compared with $76,330 in 2021, according to the Census Bureau’s annual reports on income, poverty and health insurance coverage.