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BEHIND THE HEADLINE

New data shows Americans have the “highest household income ever“…

Do you truly feel richer?

What you should know about this data.

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BIG PICTURE: U.S.A.

Americans are earning more.

Fewer people in poverty (lowest number since 2006).

It’s a trend. Income increased last year for the third year in a row.

$61,371 = median household income.

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THE WAGE DEBATE

The American economy has grown, added jobs & workers… but data shows our income is NOT rising as quickly, as expected, as previous years, or compared to what things cost (inflation).

Do we look like we make more on paper, but have less $pending power?

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What’s Going on?

No one knows for sure: 2 theories

White House: Bad data & wage growth is good. Stats don’t consider tax cuts & other perks. Some (non-WH) economists agree.

Another theory: People reentering workforce may get lower paying or part-time jobs, or have fewer qualifications, so they make less $$.

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Something To Consider: The way the census measures median income has changed. Some say that makes the data difficult to compare to previous years. It's a good reminder data tells us only so much of a story. How do you feel about your wages and the economy?

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