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E-book Income in the United States : 2022
The income estimates in the main sections of this report are based on the concept of money income, which is pretax and does not account for the value of in-kind transfers. Estimates of post-tax income and inequality are included in Appendix B. Real median post-tax household income exhibited a substantial decline in 2022 from 2021. This was due in part to the expiration of policies introduced in response to the COVID-19 pandemic, such as Economic Impact Payments and the expanded Child Tax Credit. This report begins with a section discussing median household income, highlighting year-to-year comparisons by characteristics such as race and Hispanic origin, nativity, region, and education. This is followed by sections on income inequality, workers, and median earnings. This report is released alongside two other reports focused on poverty estimates and health insurance coverage in the United States. These estimates can be found in “Poverty in the United States: 2022” and “Health Insurance Coverage in the United States: 2022.
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