{"id":2029572,"date":"2023-09-12T16:46:01","date_gmt":"2023-09-12T20:46:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/americans-household-income-dropped-in-2022-for-third-year-in-a-row-census-bureau\/"},"modified":"2023-09-12T16:46:25","modified_gmt":"2023-09-12T20:46:25","slug":"americans-household-income-dropped-in-2022-for-third-year-in-a-row-census-bureau","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/americans-household-income-dropped-in-2022-for-third-year-in-a-row-census-bureau\/","title":{"rendered":"US Household Income Declines for Third Consecutive Year: Census"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Famericans-household-income-dropped-in-2022-for-third-year-in-a-row-census-bureau%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2029572&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Americans&#8217; Average Household Income Drops for\u200b Third Straight Year<\/h2>\n<p><span style=\"font-weight: 400\">Americans\u2019 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-desantis-torches-biden-for-being-passive-on-world-stage-leaving-middle-america-behind\/\" title=\"WATCH: DeSantis Torches Biden For Being \u2018Passive On World Stage,\u2019 Leaving Middle America Behind\">average household income<\/a> dropped \u200cin 2022 for the third <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">straight year<\/a> as President <a href=\"https:\/\/www.dailywire.com\/topic\/joe-biden\" target=\"_blank\" rel=\"noopener\">Joe Biden<\/a> continues\u200c to paint \u200ba rosy economic picture.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The average household income in the U.S. fell from \u200b$76,330 in \u20622021 \u200dto $74,580 in\u200d 2022, a decline of 2.3%, <\/span><a href=\"https:\/\/www.census.gov\/newsroom\/press-releases\/2023\/income-poverty-health-insurance-coverage.html?utm_campaign=20230912mspios1ccpuprs&#038;utm_medium=email&#038;utm_source=govdelivery\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">according<\/span><\/a><span style=\"font-weight: 400\">  to new data from the U.S. Census Bureau. The\u2063 decline comes as inflation\u2063 has remained high and food and transportation costs continue to be high.<\/span><\/p>\n<h3>Impact of\u2063 Inflation and Rising Costs<\/h3>\n<p><span style=\"font-weight: 400\">\u201cIncome estimates are expressed in real or 2022 dollars\u200d to reflect changes in the cost \u200cof living. \u200cBetween 2021 and 2022, inflation \u200crose 7.8%; this is the\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-momentous-month-of-may-inflation-border-crossings-surged-reporters-thrilled-by-ice-cream-order\/\" title=\"Biden\u2019s Momentous Month of May: Inflation, Border Crossings Surged, Reporters Thrilled by Ice Cream Order\">largest annual increase<\/a> in the cost-of-living\u200d adjustment since 1981,\u201d the Census Bureau said\u2062 in a press release.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to \u2063the\u2063 bureau,\u2064 the decline in income targeted those under the age of 65, while those 65 and older \u201cdid\u2062 not experience a significant change in median income between 2021 and 2022.\u201d<\/span><\/p>\n<h3>Challenges for Biden&#8217;s Economic \u200bPolicy<\/h3>\n<p><span style=\"font-weight: 400\">The 2022 decline in income may prove problematic for Biden, who has attempted to sell \u200dAmericans on his policy of \u201cBidenomics.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201c\u2018Bidenomics\u2019 is a blue-collar blueprint for America. It\u2019s\u200d for you,\u201d Biden \u2062 <\/span><a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2023\/09\/04\/remarks-by-president-biden-celebrating-labor-day-and-honoring-americas-workers-and-unions\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">said<\/span><\/a><span style=\"font-weight: 400\">  in a Labor \u2063Day speech\u200c last\u2062 week. \u201cAs I\u2064 said a thousand times, there is no quit in \u2062America. None. All I hear from my friends on the other \u200cside, what they say is wrong with America.\u2064 They keep telling \u2062us America is failing. They\u2019re wrong. I\u2019ve got news\u2063 for them. \u200dAmerica has\u2062 the strongest \u200beconomy in \u2063the world right now, today.\u201d<\/span><\/p>\n<h3>Persistent High Prices and Public Opinion<\/h3>\n<p><span style=\"font-weight: 400\">While inflation in 2023\u2064 has remained below 2022 levels, Americans\u200b are continuing\u2062 to pay high prices for gas and basic \u200dfood goods. The <\/span><a href=\"https:\/\/www.dailywire.com\/news\/food-prices-set-to-increase-above-historical-average-govt-analysis\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">latest numbers<\/span><\/a><span style=\"font-weight: 400\">  from the Producer\u200d Price\u200b Index and the Consumer Price Index also indicate that food prices will continue to remain higher\u200b than average through the end of 2023 and into \u200c2024.<\/span><\/p>\n<p><a href=\"https:\/\/onelink.to\/dwapp\"><b>CLICK HERE TO GET THE DAILY WIRE APP<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400\">According to <a href=\"https:\/\/www.wsj.com\/politics\/policy\/voters-feel-better-about-the-economy-but-few-credit-biden-polls-find-3c7d98c9?mod=article_inline\" target=\"_blank\" rel=\"noopener\">recent polling<\/a> from the Wall Street Journal, while\u2064 some Americans say that the economy is improving, many are still skeptical of Biden\u2019s economic policies. About three in five Americans say that Biden has not handled the economy well, while 63% say he has handled inflation poorly, according to the Journal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Biden\u2019s team has pointed \u2064to\u2063 declining inflation and low unemployment numbers as positive signs\u2064 for\u2064 the economy.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThey can go out\u2064 and talk\u2063 about this stuff all they want, these voters aren\u2019t\u200d hearing it, or \u2063they\u2019re not believing it,\u201d\u2063 Republican strategist Tony Fabrizio told\u200d the Journal. \u201cThey are certainly not buying it.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>as President Joe Biden presents an optimistic economic outlook, but Americans&#8217; average household income has decreased for the third consecutive year. The latest data from the U.S. Census Bureau reveals a 2.3% decline, with the average income dropping from $76,330 in 2021 to $74,580 in 2022.<\/p>\n","protected":false},"author":200,"featured_media":2029573,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2029572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2029572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2029572"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2029572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2029573"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2029572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2029572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2029572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}