Americans’ incomes fell in 2020, Census figures show
September 14, 2021
Fox Business Flash top headlines for September 14
Check out what’s clicking on FoxBusiness.com.
American incomes fell last year as the U.S. dealt with the economic fallout from the COVID-19 pandemic, the Census Bureau said Tuesday.
The new data, in an annual assessment of the nation’s financial well being, offers insight into how households fared during the pandemic’s first year and arrives as Washington debates how much more to spend to bolster the economy during the worst public health crisis in a century.
Median household income was $67,500 in 2020, down 2.9% from the prior year.