September 19, 2021

Census Figures Show Americans’ Incomes Fell in 2020

American incomes fell last year despite increased government aid tied to the Covid-19 pandemic that prevented millions from falling into poverty, Census Bureau figures released Tuesday show.

The new data, in an annual assessment of the nation’s financial well being, offers insight into how households fared during the pandemic’s first year and arrives as Washington debates how much more to spend to bolster the economy during the worst public health crisis in a century.

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