The US Census Bureau: Household Income in the United States Decline for the Third Consecutive Year Affected by High Inflation
According to Reuters on September 13th, according to the latest data from the US Census Bureau, US household income has declined for the third consecutive year in 2022 due to high inflation.
According to reports, the recent economic difficulties in the United States have been affected by the health crisis and the government's inadequate response measures, mainly manifested in the doubling of child poverty rates and the most severe inflation in 40 years weakening household consumption capacity. Data shows that the child poverty rate in the United States has jumped from 5.2% in 2021 to 12.4% in 2022, and the overall poverty rate has risen from 7.8% in 2021 to 12.4% in 2022. Meanwhile, household income failed to keep up with the 7.8% increase in consumer prices, and the median actual household income decreased by 2.3% to $76330, a decrease of approximately 4.7% from 2019.
According to a Reuters/Ipsos poll, approximately 52% of Americans expressed disapproval of the overall performance of the US government, with the economy being seen as the top priority by the public. Florida Governor De Santis issued a statement on social media stating that "soaring inflation" is "harming our families.".
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