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Generating $25.5 trillion in 2022, the United States has the largest economy in the world. The U.S. is also home to one of the world’s wealthiest populations. According to the 2022 Global Wealth...
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By several key measures, the United States is one of the world’s wealthiest countries. Estimates from the World Bank show that America’s gross domestic product topped $25 trillion in 2022, or 25%...
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For the almost 40 million Americans who live in poverty, the effects of living in a state of not knowing whether they can afford their basic needs every month has serious effects that go far beyond...
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The share of Americans living below the poverty line rose in 2022, reversing several years of historic progress. Much of the increase in real poverty was due to the expiration of safety net programs...
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Rampant inflation has been eroding real incomes nationwide, but no doubt wealthier Americans have had an easier time handling soaring prices. In some U.S. states, more households have relatively...
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Incomes have been on the rise in the United States for well over a decade. Since 2010, the typical American household’s earnings climbed between 0.9% and 6.1% annually. Still, in recent years,...
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Poverty in the United States is a persistent and complex issue that affects millions of individuals and families. Despite being one of the world’s wealthiest nations, a significant portion of the...
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With a GDP of $25.5 trillion in 2022, the U.S. generates more wealth than any other country on Earth. Not only the world’s largest economy, according to Credit Suisse, the U.S. is also home to...
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The debt ceiling deal, struck between the Biden administration and Republicans in Congress only days before the June 5, 2023, default deadline, will provide $121 billion in veteran medical funding...
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With a $23.3 trillion economy – accounting for nearly a quarter of global economic output in 2021 – the United States is the wealthiest country in the world by a wide margin. But despite its...
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Inflation began surging in the United States in early 2021. And while the consumer price index has been steadily falling for nearly a year, inflation remains stubbornly high at 4.9% – more than...
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Among developed nations with similarly advanced economies, the United States stands out for having especially high levels of income inequality. Though the U.S. ranks among the wealthiest countries in...
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For the first time in nearly a decade, poverty is on the rise in the United States. The number of Americans living below the poverty line climbed from 38.4 million in 2020 to 41.4 million in 2021, a...
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