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US Standard of Living Statistics and Data Trends: household income . . . The standard of living in the United States is a measure of how well people and families are doing It looks at things like how much money they make from wages and income, help they get from the government like Medicaid and unemployment insurance, how many people are living in poverty, and how much it costs to run a household
Standard of living - USAFacts Standard of living facts Gross domestic product (GDP) per person In 2023, real gross domestic product (rGDP, or GDP adjusted for inflation) per person in the US reached an all-time high of $66,749, up 2 0% from 2022 2023 rGDP per person exceeded $85,000 in New York, Massachusetts, and Washington state, while it was below
How is the standard of living changing for veterans? - USAFacts Veterans’ standard of living in 2023 was slightly better than the average American when measured by higher median incomes, lower unemployment rates, and a reduced likelihood of poverty How many veterans are unemployed? In 2023, 2 8% of veterans — around 241,000 people — were unemployed, according to the Bureau of Labor Statistics
What does living at the poverty line look like? - USAFacts How many people are living near the poverty line? The Census Bureau estimated that in 2021, 11 6% of Americans — roughly 38 million people — lived at or below the poverty level That year, the poverty threshold was $27,740 for a family of four and $13,788 for an individual
US Economy articles - USAFacts Economy; Economy articles These reports cover the financial forces that affect daily American life Discover how exports and imports impact US taxes, debt, and more
Which Americans are struggling to make ends meet? - USAFacts More than one-third of American adults are struggling to make ends meet, and some demographics groups are having more trouble than others: in a 2024 Census survey, nearly half the multiracial population reported having a hard time, along with 46 0% of Hispanics and 40 0% of cisgender women
What is the definition of poverty in the US? | USAFacts Census Bureau data from 2021 showed that 27 2% of people without a high school diploma and 13 2% of people with a high school diploma but no college education were living in poverty On the other hand, 9 2% of Americans with some college education and only 4 1% of people with a bachelor’s degree or higher were classified as at or below the
How has marriage in the US changed over time? | USAFacts How has the average age of marriage changed over time? Both men and women are marrying later in life In 2024, the average age for a first marriage was 30 2 years for men and 28 6 for women
How the economy, COVID-19, and standard of living differs . . . - USAFacts Standard of living declined across the board The pandemic also affected the standard of living In December 2020, 38% of all households — 90 million nationwide — reported difficulty paying for typical expenses Minority households were impacted at greater rates than households overall: 55% of Black households and 51% of Hispanic households
What is the gross domestic product (GDP) in West Virginia About $83 7 billion in 2024 Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports It is often used to quantify the size of its economy The $83 7 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare