WASHINGTON  -US inflation-adjusted incomes fell for a third straight year in 2022, but overall income inequality decreased, according to new Census Bureau data. In a positive development, the poverty rate for the Black population declined to 17.1 percent — its lowest level on record — although it remained the highest among the racial groups counted by the Census Bureau. The data published Tuesday by the Census Bureau paints a mixed picture of the US economy, with the overall decline in incomes falling more sharply for some people than for others, due largely to the impact of inflation.

https://business.inquirer.net/420854/us-household-incomes-fall-for-third-straight-year-census-bureau

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