Tag: poverty rates

Americans’ Incomes Decline for Second Year in a Row Amid Soaring Inflation

September 14, 2022
Business & Marketseconomyhousehold incomeincome inequalityinflationpersonal financepoverty ratesU.S. Census BureauUSUS News
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The real median 2021 household income of Americans, recorded at $70,784, was down for a second year in a row, while poverty crept up as the country battles inflation at a 40-year high, according to numbers released on Sept. 13 by the U.S. Census Bureau in its annual report on the nation’s financial well-being. Compared…

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Global Growth Will Slow in 2022 Due to Inflation, Supply Chain Disruptions, and Omicron: UN Report

January 14, 2022
Business & Economyeconomyglobal economiesinflationInflation RiskInternationalpoverty ratesUnited NationsUSWorld
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In 2021, the world economy surged to a growth spurt not seen in 40 years, but the momentum is expected to lose steam during this year and the next, said the United Nations, owing to lingering supply-chain constraints, rising inflation, and new waves of COVID-19 infections. “After a global contraction of 3.4 percent in 2020…

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