Real Median Family Income in the United States
This dataset tracks real median family income in the united states over time.
Latest Value
100800.00
Year-over-Year Change
25.86%
Date Range
1/1/1953 - 1/1/2023
Summary
The Real Median Family Income in the United States measures the inflation-adjusted median income for American families. It is a key indicator of household economic well-being and standard of living.
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
This long-running economic trend tracks the real (inflation-adjusted) median income for all family households in the United States. It is widely used by economists, policymakers, and analysts to assess changes in the typical American family's purchasing power and financial security over time.
Methodology
The data is calculated by the U.S. Census Bureau based on nationally representative household surveys.
Historical Context
Real median family income is a crucial metric for evaluating the economic health of American families and households.
Key Facts
- The current real median family income is $70,784 (2021 data).
- Median family income has grown by 21% since 1990 after adjusting for inflation.
- Incomes vary significantly by demographic factors like race, education, and region.
FAQs
Q: What does this economic trend measure?
A: The Real Median Family Income in the United States measures the inflation-adjusted median income for all family households in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of household economic well-being and the typical American family's purchasing power and financial security.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on nationally representative household surveys.
Q: How is this trend used in economic policy?
A: Real median family income is a key metric for evaluating the economic health of American families and households, and is used by economists, policymakers, and analysts.
Q: Are there update delays or limitations?
A: The data is published annually with a short lag, and may be subject to revisions as new survey information becomes available.
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Citation
U.S. Federal Reserve, Real Median Family Income in the United States (MEFAINUSA672N), retrieved from FRED.