Income & Output
Income & Output Articles
Millions of jobs have been lost due to the COVID-19 pandemic, especially in the early months. While some jobs have since been regained, more than 10 million people in the American labor force are...
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Median household income climbed for the ninth consecutive year in the United States in 2019, hitting an all time high of $65,712. Rising incomes were the story in much of the country, as 40 states...
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The COVID-19 pandemic brought an abrupt end to an era of relative prosperity in the United States. After years of steady economic expansion and job growth, the U.S. poverty rate stood at 12.3% in...
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It is rare for a person who has reached the status of billionaire to ever lose it — but it is not unheard of. Occasionally, however, someone who was at one time worth billions sees their net...
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Per capita income in the United States has more than doubled in the last 60 years. In 1959, Americans’ average per capita income was about $15,000. As of 2019, the average per capita income in the...
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In most of the United States, an individual with an annual income of $12,760 or less is classified as living below the poverty line. Though the share of the population living on such low incomes has...
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The COVID-19 pandemic has triggered an economic crisis of a magnitude not seen since the Great Depression. In the early months of the pandemic, as local businesses across the country closed, tens of...
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Like many other things in 2020, Thanksgiving is going to look a lot different this year. According to the Centers for Disease Control and Prevention, because of the surge in COVID-19 cases...
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Ask 100 people how much money they would need to be rich and you would likely get 100 different answers. “Rich” is a subjective term — and there is no universally agreed upon income threshold....
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Americans weigh many factors when they seek employment — good benefits, vacation time, work-life balance, stimulating work environment, and a job that has meaning to society. For many, though,...
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The United States is often referred to as the wealthiest nation on Earth. Measured by the size of its economic output, that is the case. However, by another widely-used measure, intended to reflect...
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Across the globe, more than 700 million people live less than $1.90 a day — the poverty threshold set by the World Bank. Such severe privation is disproportionately concentrated in certain parts of...
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The strength of the American middle class is a common point of focus among politicians and analysts, as it was during this most recent presidential election. For many, this group is important for...
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As the Coronavirus continues to affect the American economy, the value of the country’s currency has taken a hit in international markets. Even so, the U.S. dollar remains one of the most...
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Trailing just Russia and Canada, The United States is the third-largest country in the world by landmass, covering nearly 2.3 billion acres. The largest overall landowner in the country is the U.S....
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