The Census Bureau launched its 2021 earnings report Tuesday, and the political spin is that unprecedented pandemic switch funds lifted hundreds of thousands out of poverty. It’s extra correct to say that the majority People are worse off than earlier than the pandemic owing partly to . . . unprecedented switch funds.
Lifting authorities lockdowns final 12 months ought to have brought on hundreds of thousands of People to return to work and raised common incomes. That didn’t occur. Actual median pre-tax family earnings fell $402 final 12 months to $70,784 and was $2,024 decrease than in 2019. The entire variety of staff didn’t budge between 2020 and 2021.
