Income & Output
Income & Output Articles
Over the last 50 years, incomes in the United States have increased dramatically. Even after adjusting for inflation, per capita income more than doubled, from $14,700 in 1959 to $33,831 today. There...
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Spanning over 3.5 million square miles, the United States is the third largest country in the world by landmass, trailing only China and Russia. While over a quarter of all land in the United States...
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Close to 13 million children residing in the United States live in families with incomes below the federal poverty line, a threshold shown to underestimate the financial needs of American households....
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Spanning over 3.5 million square miles, the United States is the third largest country in the world by landmass, trailing only China and Russia. While over a quarter of all land in the United States...
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Gross domestic product, or GDP, is the standard metric used to measure the size of a country’s economy. GDP alone, however, does not paint a complete picture of a nation’s economy and is not...
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The U.S. Constitution grants state governments a wide range of powers. Safe streets, a balanced budget, a strong job market, and a growing economy can all come as a result of strategic policy making...
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Developed in 1963, the official poverty rate is based on pre-tax income thresholds related to the cost of a minimum food diet and the number of individuals who depend on that income. As federal...
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Developed in 1963, the official poverty rate is based on pre-tax income thresholds related to the cost of a minimum food diet and the number of individuals who depend on that income. As federal...
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Gross national income, or GNI, represents the sum total of money earned by a nation’s people and businesses within a given year. Unlike GDP, GNI also measures income earned by corporations based in...
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Gross national income, or GNI, represents the sum total of money earned by a nation’s people and businesses within a given year. On a per capita basis, GNI is a useful measure for assessing the...
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In the earliest days of American independence, members of the federal government were not paid a salary as most of them were wealthy to begin with. This included members of Congress. Today, though...
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The United States is in the midst of its longest period of job growth in history. The total number of jobs in the country has increased for 108 consecutive months, driving down the unemployment rate....
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While the U.S. unemployment rate reached 3.6% in April 2019, its lowest point since December 1969, many full-time workers in America struggle to stay out of poverty. Nationwide, some 3.1 million...
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Median household income in the United States hit an all time high in 2018, according to data from the U.S. Census Bureau’s American Community Survey. The recently-released data shows that the...
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