ENTITY Federal Reserve Survey of Consumer Finances

Federal Reserve Survey of Consumer Finances

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RESEARCH · CL_290775 · Oct 9 · 15:58

US income inequality dropped post-pandemic, Fed data shows

New data from the Federal Reserve's Survey of Consumer Finances indicates a surprising decrease in income inequality between 2021 and 2024. While the median American family's inflation-adjusted income rose by 7%, the av…

US income inequality dropped post-pandemic, Fed data shows