Income & Output
Income & Output Articles
On July 3rd, as election season ramps up, the New York Times reported that Biden is aware he only has a few crucial days to secure his candidacy. Rising tensions among political parties, especially...
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President Lyndon Johnson declared war on poverty 60 years ago. Still, poverty remains endemic in the United States. The Department of Health and Human Services set the poverty line at an annual...
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In any given year over the last three decades, anywhere from 31.6 million to 48.8 million Americans were living below the poverty line. Over that period, the annual U.S. poverty rate climbed as high...
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The wealthiest country in the world by gross domestic product, the United States has a relatively high standard of living. After climbing steadily for decades, the median household income in the U.S....
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The United States has one of the wealthiest populations in the world. According to the 2023 Global Wealth Report from the Zurich based investment bank UBS, the typical American adult has $107,740 in...
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The world economy is more interconnected than ever before. Still, wealth remains highly concentrated. Only four countries — China, Germany, Japan, and the United States — generated over half of...
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With a $25.4 trillion gross domestic product, the U.S. economy is the largest in the world by a wide margin. According to the World Bank, GDP per capita in the U.S. totalled $76,330 in 2022 —...
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With wealth increasingly concentrated among the highest earners and a steep reduction of well-paying jobs that do not require a degree, the ranks of the American middle class have been eroding for...
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