Average wages have surpassed inflation for 12 straight months
www.epi.org
Average hourly wage growth has exceeded inflation for 12 straight months, according to new Bureau of Labor Statistics data released this morning. This real (or inflation-adjusted) wage growth is a key indicator of how well the average worker’s wage can improve their standard of living. As inflation continues to normalize, I’m optimistic more workers will…
  • TheReturnOfPEB@reddthat.comEnglish
    1·
    2 months ago

    I wonder what the average income is for US families if one was to remove all the billionaires from the statistic.

    • 11111one11111@lemmy.world
      1·
      2 months ago

      Lol I hate to break it to you homie but billionaires are not paid in hourly wages so they are excluded from this report.

      • TheReturnOfPEB@reddthat.comEnglish
        1·
        2 months ago

        The real median household income in the United States for 2022 was $74,580, which represents a 2.3 percent decline from the 2021 estimate of $76,3301. This figure is based on money income, which is pretax and does not account for the value of in-kind transfers. It’s important to note that this calculation excludes billionaires and focuses on the broader population.

        It seems that they are already excluded for some reason.