Mean Personal Income in the United States
This dataset tracks mean personal income in the united states over time.
Latest Value
63510.00
Year-over-Year Change
60.14%
Date Range
1/1/1974 - 1/1/2023
Summary
Tracks the average personal income across the United States. Provides a critical macroeconomic indicator of national economic health and individual financial well-being.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Represents the arithmetic mean of personal income for all individuals in the United States, reflecting overall economic performance.
Methodology
Calculated using comprehensive income data from national economic surveys and tax records.
Historical Context
Used by economists, policymakers, and investors to assess economic conditions.
Key Facts
- Represents average income across entire U.S. population
- Critical economic health indicator
- Influenced by employment and economic conditions
FAQs
Q: What does mean personal income represent?
A: The average income per person across the entire United States, calculated from comprehensive economic data.
Q: How is mean personal income calculated?
A: Derived from total national personal income divided by total population.
Q: Why is mean personal income important?
A: Provides insight into overall economic health and individual financial well-being.
Q: How often is this data updated?
A: Typically updated quarterly by government economic agencies.
Q: Does mean income reflect median income?
A: No, mean income can be skewed by extreme values, unlike median income.
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Citation
U.S. Federal Reserve, Mean Personal Income in the United States (MAPAINUSA646N), retrieved from FRED.