Income & Output

Incomes were on the rise in the United States ahead of the pandemic, according to the most recent available annual data from the Census Bureau. The typical American household earned $65,712 in 2019,...
The COVID-19 pandemic had a significant impact on the U.S. labor market. Millions of Americans lost their jobs or had their hours reduced, as many businesses were shut down temporarily or for good. ...
Student loan debt in America reached $1 trillion in 2012 — 54 years after passage of the National Defense Education Act of 1958, the country’s first federally supported student loan...
The United States is grappling with growing income inequality, but the widening chasm between these two Americas isn’t always easy to see. Even at the state level, the wealthiest can live in posh...
Though women are closer to achieving pay parity in the American workplace than they were in the 20th century, there is still a gender gap. In 1979, according to the Bureau of Labor Statistics,...
Many of us have experienced the desperation that comes from crushing debt at one point in our lives. Whether it’s student loans, car payments, credit card balances, or all of the above, debt is one...
The world’s nations held a combined 35,218 tonnes of gold reserves as of February 2021, up from 34,700 tonnes the year before. Countries hold gold reserves to support their currency in cases of...
Inflation is once again becoming a potential concern, according to some economists. This is due in part to accelerated job growth, new stimulus packages, and the rising price of fuel. Another reason...
With the COVID-19 pandemic shaking up nearly every aspect of life in 2020 and into 2021, the Internal Revenue Service has opted to push back the federal tax filing deadline. Instead of April 15,...
The U.S. Department of Health and Human Services currently defines the federal poverty line at $12,880 for individuals, $26,500 for families of four in the continental U.S. (the rates are slightly...
The 465 commercial casinos operating in the United States at the end of 2019 reported a combined revenue of $43.6 billion — an all-time high. Gambling in the United States is by no means...
The Internal Revenue Service collected more than $3.5 trillion in taxes in 2019. Not all of this money went to funding the government, however. Nearly half of all tax returns filed by individuals,...
The U.S. Census Bureau began to track the effects of COVID-19 on the population through its Household Pulse Survey on April 23 of last year. As the agency’s researchers wrote at the time,...