Once Symbols of American Prosperity, These Cities Have Fallen Into Poverty

Despite a reported rise in median household income to $77,719 in 2023, inflation adjustments show a decline of 1% since 2019. Lower income households, earning less than $50,000, are particularly impacted, with high levels of concern regarding rising prices. Many find it increasingly challenging to cover basic expenses. Although inflation rates have recently slowed, long-term inflation trends continue to strain household finances in poorer regions across the country, highlighting the need for policy intervention and support for these vulnerable communities.

Incomes have been steadily rising for years in the United States, yet rising consumer prices have not allowed real income to outpace inflation.

The financial strains of inflation disproportionately affect lower income Americans, with 95% of those earning under $50,000 feeling anxious about future price increases.

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