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What is the income of a US household? | USAFacts About $81,600 in median income in 2024 Household income is the total money received in a year — wages, pensions, investments, public assistance, and more — by everyone in a household over 15
Standard of living - USAFacts Standard of living 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
Standard of living Standard of living facts Several temporary income support provisions enacted during the COVID-19 pandemic have ended or reverted to previous levels Congress also recently made changes to federal standard of living programs, such as the Supplemental Nutrition Assistance Program (SNAP), through the One Big Beautiful Bill Act This chapter presents government data on key indicators of household
America in Facts 2025 | USAFacts Standard of living Several temporary income support provisions enacted during the COVID-19 pandemic have ended or reverted to previous levels Congress also recently made changes to federal standard of living programs, such as the Supplemental Nutrition Assistance Program (SNAP), through the One Big Beautiful Bill Act
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
Has COVID-19 disproportionately affected Black and Hispanic . . . - 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
Are wages keeping up with inflation? - USAFacts Yes From July 2024 to July 2025, wages grew 1 5 percentage points faster than inflation Nominal wages — the literal dollars earned regardless of cost of living — increased by 4 2% while inflation stood at 2 7% When wage growth outpaces inflation, it indicates that workers are experiencing an increase in purchasing power from the previous year
What is the gross domestic product (GDP) in the - USAFacts Another way to understand a population’s standard of living is by taking the GDP and dividing it by the total number of people in the population This figure offers insight into the average economic output per individual
US Economy articles | USAFacts These reports cover the financial forces that affect daily American life Discover how exports and imports impact US taxes, debt, and more