I solely offered a portion of the report and the 6 figures (one by six). The complete report on Earnings might be discovered right here: Earnings in america: 2023, Gloria Guzman and Melissa Kollar.
The economic system was not as unhealthy because the politicians and trump make it out to be, The numbers don’t help their competition.
Some stats: As reported, median family earnings in 2023 was larger than in 2022. Earnings inequality was not considerably totally different between 2022 and 2023. Complete variety of employees elevated by 2.2 million.
Extra numbers: The report supplies estimates of family earnings, earnings inequality, and employee earnings in america for 2023. Median family earnings was $80,610, a 4.0 p.c improve from the 2022 estimate.
For many demographic subgroups analyzed, median family earnings in 2023 was larger than in 2022. Earnings inequality as measured by the Gini index and percentile ratios was not considerably totally different between 2022 and 2023. The variety of whole employees elevated by 2.2 million (1.3 p.c) from 2022, whereas the change within the variety of full-time, year-round employees was not statistically important. The median earnings of all employees (together with part-time and full-time foundation) weren’t considerably totally different between 2022 and 2023, whereas median earnings of those that labored full-time, year-round decreased 1.6 p.c.
The report additionally presents estimates on earnings, earnings, and inequality in america for calendar yr 2023, primarily based on data collected within the 2024 and earlier Present Inhabitants Survey Annual Social and Financial Dietary supplements (CPS ASEC) performed by the Census Bureau.
The earnings estimates in the principle sections of this report are primarily based on the idea of cash earnings, which is pretax and doesn’t account for the worth of in-kind transfers. Appendix A (Web page 13) supplies an in depth rationalization of how earnings is measured utilizing the CPS ASEC. Estimates of post-tax earnings and inequality are included in Appendix B (Web page 43).
This report begins with a piece discussing median family earnings, highlighting year-to-year comparisons by traits corresponding to race and Hispanic origin, nativity, area, and training. That is adopted by sections on earnings inequality, employees, and median earnings. The earnings estimates in the principle sections of this report are primarily based on the idea of cash earnings, which is pretax and doesn’t account for the worth of in-kind transfers. Estimates of post-tax earnings and inequality are included in
Appendix B.
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Briefly
Actual median family earnings was $80,610 in 2023, a 4.0 p.c improve from the 2022 estimate of $77,540 (Determine 1 and Desk A-1). That is the primary statistically important annual improve in actual median family earnings since 2019.
Actual median family incomes elevated by 5.4 p.c for White households and by 5.7 p.c for non-Hispanic White households between 2022 and 2023. There was no important change in median
incomes for Black, Asian, and Hispanic households (Determine 2 and Desk A-1)
Family earnings rose all through the earnings distribution, rising 6.7 p.c on the tenth percentile and 4.6 p.c on the ninetieth percentile (Desk A-3).
Earnings inequality as measured by the Gini index and earnings percentile ratios was not considerably totally different between 2022 and 2023 (Determine 3 and Desk A-3).
Actual median earnings for males who labored full-time, year-round elevated by 3.0 p.c, and actual median earnings elevated 1.5 p.c for ladies who labored full-time, year-round (Determine 4 and Desk
A-6).
Between 2022 and 2023, the variety of whole employees elevated by 2.2 million, or 1.3 p.c. The change within the variety of full-time, year-round employees was not statistically important (Determine 5 and Desk A-6).
For full-time, year-round employees, the female-to-male earnings ratio in 2023 fell to 82.7 p.c from 84.0 p.c in 2022 (Determine 6 and Desk A-6). That is the primary statistically important annual lower within the female-to-male earnings ratio since 2003.
