Income & Output

Millions of jobs have been lost due to the COVID-19 pandemic, especially in the early months. While some jobs have since been regained, more than 10 million people in the American labor force are...
After a long week of work, many Americans spend their weekend pursuing a hobby. Hobbies can include creating things, collecting items, or engaging in some form of physical activity.  Hobbies can be...
The COVID-19 pandemic brought an abrupt end to an era of relative prosperity in the United States. After years of steady economic expansion and job growth, the U.S. poverty rate stood at 12.3% in...
Since 2001, the annual presidential salary has been set at $400,000. Even before that, every president has been paid well. George Washington’s salary of $25,000 was equivalent to over $700,000 in...
It is rare for a person who has reached the status of billionaire to ever lose it — but it is not unheard of.  Occasionally, however, someone who was at one time worth billions sees their net...
The COVID-19 pandemic savaged the job market early in 2020 and has only rebounded moderately by year-end. After crashing from a five-decade best national jobless rate of 3.5% in February to a multi...
One of the most prosperous countries in the world, the United States has built a reputation as the land of opportunity. While this may be an oversimplification, many affluent areas across the country...
Trailing just Russia and Canada, The United States is the third-largest country in the world by landmass, covering nearly 2.3 billion acres. The largest overall landowner in the country is the U.S....
Most American households earn more than $62,800 annually, according to data from the U.S. Census Bureau. While it is one of the most prosperous countries in the world, the U.S. also has some of the...
Prior to the COVID-19 pandemic, American households were earning more than they ever had before. The median household income in 2019 was $65,712, up from $62,860 the previous year — a 4.5%...
Ask 100 people how much money they would need to be rich and you would likely get 100 different answers. “Rich” is a subjective term — and there is no universally agreed upon income...
The strength of the American middle class is a common point of focus among politicians and analysts, as it was during this most recent presidential election. For many, this group is important for...
Walmart, the largest employer in the United States, employing about 1.5 million Americans, has been at the center of controversies over its low wages for years. In 2020, the average wage of an hourly...
With a $21.4 trillion economy, the United States is one of the wealthiest countries on Earth. Despite the vast economic resources, however, a staggering 39.5 million Americans live below the poverty...
Economic output in the United States fell for the first time in over a decade in the first quarter of 2020. The following quarter, GDP declined by 9.5% — by far the largest contraction in over...