Real Median Personal Income in the United States
This dataset tracks real median personal income in the united states over time.
Latest Value
42220.00
Year-over-Year Change
20.90%
Date Range
1/1/1974 - 1/1/2023
Summary
Tracks inflation-adjusted personal income across the United States. Provides crucial insight into Americans' economic well-being and purchasing power.
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
Measures median personal income adjusted for inflation, reflecting real economic conditions for typical households.
Methodology
Calculated by the U.S. Census Bureau using comprehensive income surveys and inflation adjustments.
Historical Context
Critical indicator for economic policy, consumer spending, and standard of living assessments.
Key Facts
- Reflects actual purchasing power of Americans
- Accounts for inflation impact on income
- Important economic health indicator
FAQs
Q: What does real median personal income measure?
A: It tracks typical individual income adjusted for inflation, showing true economic purchasing power.
Q: Why is this metric important?
A: It reveals how economic conditions affect typical Americans' financial well-being.
Q: How often is this data updated?
A: Typically updated annually with the most recent comprehensive income surveys.
Q: What impacts median personal income?
A: Factors include economic growth, employment rates, and inflation levels.
Q: How do policymakers use this data?
A: To assess economic health and design targeted economic and social policies.
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Citation
U.S. Federal Reserve, Real Median Personal Income (MEPAINUSA672N), retrieved from FRED.