CG

US Census data just released: Incomes: US incomes have fallen every year of the Biden Presidency thus far. Median incomes: The median income last year fell to $74,580. 90th percentile fell to $216,000, and the bottom 10th was $17,100. Poverty rate - the supplemental poverty measure - based on post-tax income and includes government-transfer payments like stimulus checks - rose to 12.4% . It was the first increase since 2010. Income inequality: The Gini index fell to 0.488, narrowing the gap as pay among the highest earners decreased. A Gini coefficient of zero reflects perfect equality, where all income or wealth values are the same, while a Gini coefficient of 1 (or 100%) reflects maximum inequality.