Income must rise 26% since Covid to avoid being poorer, says data

A recent analysis indicates that individuals in the United States must have experienced an income increase of at least 26% since the onset of the COVID-19 pandemic to avoid being classified as poorer. This information is based on government data, which suggests that the actual figure could be over 40%.

The findings were reported by Geiger Capital, highlighting the economic challenges faced by many Americans in the wake of the pandemic. The data underscores the financial strain that has persisted for a significant portion of the population since COVID-19 began.

For further context on economic issues, recent developments in the auto industry have also raised concerns about production disruptions due to chip shortages.

This analysis serves as a reminder of the ongoing economic impact of the pandemic on household incomes across the nation.