Economy articles

Read these reports to understand the financial forces that affect daily American life. Discover how exports and imports impact US taxes and debt, plus learn about inflation and other economic indicators.

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ECONOMY 07 Minimum Wage Jobs Employment Worker Clustered Bars Blue
Economy
Has leisure and hospitality employment recovered from the pandemic?

After falling 48.6% in 2020, employment numbers in the leisure and hospitality sector are now nearly equal to pre-Covid numbers.

STANDARD OF LIVING 02 Household Spending Budget Money Savings Line Down
Economy
Americans aren't saving as much as they used to

Even though Americans saved more of their disposable income during the pandemic, on average, people are saving less than they did in the 1960s and ’70s.

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Economy
How does the government support people with Section 8 housing?

The Department of Housing and Urban Development offers two rental assistance programs for low-income Americans under Section 8 housing — Project-Based Rental Assistance and Housing Choice Vouchers.

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Economy
What is the median household income in the US?

Despite increasing wages, real median income fell by $1,750 in 2022 as inflation increased faster than income.

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Economy
What is labor productivity, and how has it changed in the US over time?

Labor productivity in the US manufacturing sector has fallen since 2011.

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Economy
The national budget deficit was $1.7 trillion in fiscal year 2023

The federal deficit grew to $1.7 trillion—more than $5,000 per person in the US—in FY 2023. The last budget surplus was in FY 2001.

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Economy
What the Personal Consumption Expenditures Index says about the US

Closely monitored by the Federal Reserve, personal consumption expenditures are an economic indicator that provide greater insight into how Americans earn, save, and spend.

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Economy
How much money do doctors make in the US?

The median annual wage across 17 specialties is $229,300 — but individual doctors’ earnings vary, particularly for those practicing in Hawaii, Minnesota, Oklahoma, or West Virginia.

STANDARD OF LIVING 08 Housing Apartments Rent Map USA
Economy
How many vacant homes are there in the US?

Over 15 million American homes — approximately 10% of the country’s housing inventory — were vacant in 2022.

STANDARD OF LIVING 01 Household Spending Budget Money Savings Line Down
Economy
How much do workers in the US earn?

In 2022, the median annual earnings for workers in the United States was $46,367, down nearly 7% from 2021.

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