Income & Output
Income & Output Articles
Walmart, the largest employer in the United States, employing about 1.5 million Americans, has been at the center of controversies over its low wages for years. In 2020, the average wage of an hourly...
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With a $21.4 trillion economy, the United States is one of the wealthiest countries on Earth. Despite the vast economic resources, however, a staggering 39.5 million Americans live below the poverty...
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Economic output in the United States fell for the first time in over a decade in the first quarter of 2020. The following quarter, GDP declined by 9.5% — by far the largest contraction in over 70...
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The majority of presidents in U.S. history have been wealthy by almost any standard. Adjusting each president’s net worth for today’s dollars, most would be considered multi-millionaires. Each of...
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A college education opens the door to higher-paying jobs. College-educated workers 25 and older earned a median income of $56,344 in 2019, according to the U.S. Census Bureau. Workers with no more...
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Nearly 30 million Americans moved in the past year — and most of them did so to improve their standard of living in some way. People may choose to move to a more affordable area, where they can buy...
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The median annual household income in America is just over $60,000. While many of the highest paying jobs tend to concentrate near large population centers, there are also smaller towns that are very...
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Throughout the 21st century, wealth in America has become increasingly concentrated at the top. The bottom half of Americans in terms of wealth were worth a combined $255 billion in 2016, according...
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The new economic reality of COVID — reduced income, and even poverty for many Americans — is already all too familiar in many parts of the United States. For decades, small towns and cities...
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The U.S. median household income reached its highest level in 2019 since record keeping began decades ago.. Yet incomes nationwide are not evenly distributed. In fact, income inequality is at its...
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One of the reasons that many Americans get up and go to work every day is to put some money away for retirement. While Social Security payments can be a helpful financial foundation in retirement, it...
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CEOs are the highest ranking corporate executives — and their compensation often reflects as much. Across the 350 largest companies in the United States, the average CEO made $14.5 million in 2019....
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While income inequality is a fundamental component of the U.S. capitalist economy, a recent poll conducted by the Pew Research Center found that 61% of Americans think that it has gone too far....
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As the United States endures its 10th month of the health and economic crises resulting from the COVID-19 pandemic, many Americans continue to face serious economic hardship. While some managed to...
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Though the odds of winning the jackpot are astronomically low, Americans still spend billions of dollars on the lottery each year in the hopes of striking it rich. Across the 44 states that have some...
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