Income & Output
Income & Output Articles
Poverty in the United States is a persistent and complex issue that affects millions of individuals and families. Despite being one of the world’s wealthiest nations, a significant portion of the...
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With a GDP of $25.5 trillion in 2022, the U.S. generates more wealth than any other country on Earth. Not only the world’s largest economy, according to Credit Suisse, the U.S. is also home to...
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The last time federal lawmakers mandated an increase to the nation’s minimum wage, President George W. Bush was in office, Apple released the first iPhone, and Beyoncé’s “Irreplaceable” was...
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The middle class has long been the backbone of the U.S. economy and an engine of economic growth. Yet, a strict definition of what exactly it means to be “middle class” is somewhat elusive. In...
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According to the U.S. Census Bureau’s 2020 American Community Survey, the typical American household earns an estimated $64,994 annually. In dozens of small towns across the country, however, most...
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Planning for retirement should be a lifelong endeavor that begins the moment you start earning enough income to sock some of it away. The earlier you start the better as compound interest and capital...
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With a $23.3 trillion economy – accounting for nearly a quarter of global economic output in 2021 – the United States is the wealthiest country in the world by a wide margin. But despite its...
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Real estate is a hot commodity in the United States. Though the U.S. is one of the world’s largest countries, spanning 2.27 billion acres, land is a resource with a fundamentally fixed limit. And...
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Inflation began surging in the United States in early 2021. And while the consumer price index has been steadily falling for nearly a year, inflation remains stubbornly high at 4.9% – more than...
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There are several ways to measure a country’s wealth. Gross domestic product, for one, measures the total value of goods and services produced within a country and is a good gauge for the size of...
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Among developed nations with similarly advanced economies, the United States stands out for having especially high levels of income inequality. Though the U.S. ranks among the wealthiest countries in...
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The National Shooting Sports Foundation estimates that Americans bought roughly 18.5 million firearms in 2021 (the second most ever in a year), and while this might seem like a lot for a country of...
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For the first time in nearly a decade, poverty is on the rise in the United States. The number of Americans living below the poverty line climbed from 38.4 million in 2020 to 41.4 million in 2021, a...
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The Biden Administration and House Republicans recently reached a bi-partisan deal to raise the debt ceiling. To reach the compromise, and keep the United States from a catastrophic debt default, the...
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The rapid development of AI language models has already had a significant impact on various occupations and will likely have even more of an impact going forward. These models are designed to...
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