Americans are bringing home less money as inflation squeezes family budgets, according to a new report from the U.S. Census Bureau.
The U.S. Census Bureau announced Tuesday that real median household income fell in 2022 compared with 2021. Real median household income fell by 2.3% from $76,330 in 2021 to $74,580 in 2022.
The median age of Americans is getting closer and closer to 40 years.
The median age in the United States increased by 0.2 years to 38.9 years between 2021 and 2022, according to Vintage 2022 Population Estimates released Thursday by the U.S. Census Bureau.
It is growing relentlessly. The U.S. trade deficit, the gap between what the nation imports and exports in goods and services, increased to $67.4 billion in December, an increase of $6.4 billion from $61.0 billion in November, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. The month-over-month figures on the deficit are part of a long-term trend in America.
For 2022, the deficit in goods and services hit $948.1 billion, rising $103.0 billion from 2021. “Exports were $3,009.7 billion, up $453.1 billion from 2021. Imports were $3,957.8 billion, up $556.1 billion from 2021,” the Census Bureau and BEA reported.
The federal government significantly and intentionally misreports income distribution, sparking bad policies and political divisions.
That’s the argument former senator Phil Gramm and two other economists, Robert Ekelund and John Early, lay out in their compelling and essential new book, “The Myth of American Inequality: How Government Biases Policy Debate.”
Republicans will soon take control of the House of Representatives, but with a margin so narrow it may prove difficult to achieve their legislative and oversight objectives. That margin might have been larger, were it not for egregious errors made by the U.S. Census Bureau in the 2020 census.
Come January, House membership will consist of 213 Democrats and 222 Republicans. A party must hold 218 of those seats to control the House. Thus, Republicans will have only a four-seat majority. That extremely narrow majority means that GOP leadership can lose any vote on any issue if only four Republicans defect and the Democrats stay united in opposition.
The U.S. Census Bureau Wednesday released advance estimates of U.S. retail sales which showed those sales fell 0.4% in May.
Motor vehicle and parts dealers took the biggest hit, with sales dropping 3.5%. Electronics and appliance stores sales decreased 1.3%. Furniture and home furniture stores, as well as health and personal care stores, also experienced a decrease in sales.
The number of families homeschooling in the United States has remained significantly above pre-pandemic levels even though government schools have reopened.
The number of homeschooling students increased by 63% during the 2020-2021 school year in 18 states that shared data, AP reported. That percentage then dropped by only 17% in the next academic year.
New York City saw a population decline of more than 300,000 people over a 12-month span ending July 1, 2021, according to data released Thursday by the U.S. Census Bureau.
The city’s population fell by 305,665 people or 3.5 percent. As The Empire Center noted, the metropolis accounted for almost all of the state’s one-year record decline.
The U.S. trade deficit continued to grow in January as the import-export gap widened to a record high, The Wall Street Journal reported.
The trade deficit reached $89.7 billion in January, up $7.7 billion from December 2021’s $82 billion figure, the Census Bureau announced Tuesday. Economists surveyed by the WSJ predicted a January trade deficit figure of just $87.2 billion.
The U.S. trade deficit continued to grow in December as the import-export gap widened to record highs in 2021, the Census Bureau reported Tuesday.
The trade deficit grew by 1.8% in December 2021 to $80.7 billion, the Census Bureau announced Tuesday, $1.4 billion above the revised figure from November 2021.
As more Americans move to lower-taxed Republican-led states, a new report by the Tax Foundation indicates that taxation levels play a direct and indirect role as factors contributing to migration patterns.
Taxes often “play an indirect role by contributing to a broadly favorable economic environment. And sometimes, of course, they play little or no role,” Jared Walczak, a vice president at the Tax Foundation, writes in an analysis of 2021 U.S. Census Bureau data and inbound and outbound migration data published by U-Haul and United Van Lines.
“The Census data and these industry studies cannot tell us exactly why each person moved, but there is no denying a very strong correlation between low-tax, low-cost states and population growth,” he wrote. “With many states responding to robust revenues and heightened state competition by cutting taxes, moreover, these trends may only get larger.”
Less than 24 hours after the U.S. Census Bureau delivered Wisconsin’s 2020 Census numbers, a handful of voters have filed a lawsuit to toss out the state’s current political map, and have judges skip the legislature and draw new maps on their own.
The lawsuit will be heard in federal court in Madison. It argues that because of the Census data, the state’s current congressional and legislative maps are out of date, and cannot be used in any upcoming elections.