US real income declines in tough times but eventually bounces back
Real median household income rose to $80,610 in 2023, the first annual increase since 2019 – before the COVID-19 pandemic began. Tracking real income, which is adjusted for inflation, makes it easier to compare economic conditions in one year with another.
Line chart indicating growth over time but with some setbacks between 1984 and 2023 in real US income.
