BIDENOMICS IS REALLY WORKING GREAT... MEDIAN HOUSEHOLD INCOMES PEAKED AT $78,250 IN 2019, THE YEAR BEFORE THE PANDEMIC. THEY DECLINED IN 2022 TO $74,580, A YEAR THAT SAW INFLATION SOAR, UNDERCUTTING HOUSEHOLD PURCHASING POWER. DESPITE NOMINAL GAINS, HISTORICALLY HIGH INFLATION RESULTED IN A DECLINE IN REAL MEDIAN HOUSEHOLD INCOME," SAID LIANA FOX, ASSISTANT DIVISION CHIEF FOR ECONOMIC CHARACTERISTICS IN THE CENSUS BUREAU’S SOCIAL, ECONOMIC, AND HOUSING STATISTICS DIVISION.
