Anti-poverty experts worry the rate will only get worse without a long-term, systemic solution, as pullback from pandemic-era benefits coincided with housing cost increases, jumps in homelessness and a rising cost of living.
Asian Americans had the highest median household income, at almost $109,000, while Black Americans had the lowest, at about $53,000. / Photo: AFP
However, income inequality increased when using after-tax income, another result of the end of pandemic-era tax credits.Workers faced a robust jobs market, with the number of full-time employees increasing year over year, the share of women working full-time year-round reaching an all-time high and an increase in income for households run by someone with no high school diploma.
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