Income & Output
Income & Output Articles
The term “top 1%” is used a lot these days to illustrate the widening chasm between the richest Americans and nearly everyone else in the country. The data is measured either by comparing annual...
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There are different ways to measure a country’s wealth. For example, the World Bank ranks the United States first in total gross domestic product but 13th in per capita GDP, below such other...
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The American economy is slowly recovering from the COVID-19 pandemic. The unemployment rate has been decreasing, dropping to 5.8% in May from 6.1% in April. During the pandemic, despite severe job...
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The U.S. economy reported its worst quarterly decline in modern history during the COVID-19 pandemic, with gross domestic product shrinking at an annual rate of 31.4% in the second quarter. The...
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The Covid-19 pandemic dealt a crippling blow to the nation. It knocked out a third of U.S. gross domestic product and sent the jobless rate into double digits last year, and has killed nearly 600,000...
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Income inequality exploded as a hot button topic during the presidential campaign with both sides of the political spectrum fighting over how to fix the problem. Although it’s hard to agree on...
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The consumer price index jumped by 0.8% in April — a far larger increase than many had anticipated. The recent spike in the cost of goods and services has led to widespread concerns over inflation....
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A recent United Nations report found that the vast majority of people around the world live in a country where income inequality is worsening — the richest residents have an increasingly large...
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While they are not the only measure of indebtedness, the percentage of adults with debt in collections and the median amount of such debts are good measures of the degree to which people struggle to...
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The COVID-19 pandemic sent economic shockwaves through the U.S. economy, tripling the monthly unemployment to nearly 15% and leading to a more than 30% quarterly decline in GDP — by far the largest...
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The U.S. Department of Health and Human Services defines the federal poverty level in the continental United States today at $12,880 for individuals, $26,500 for families of four. (The thresholds are...
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Despite its income inequality, the United States is an extremely wealthy country. This is reflected in the fact that the country leads the world in the number of billionaires, by a long shot. The...
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While many of the very poorest places in the country are remote towns with populations of just a few thousand, there are plenty of large American cities among the nation’s poorest places. These...
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