What have you always wondered about the economy? Tell Us

The amount of money people took home last year was the same as the year before

Andy Uhler Sep 10, 2019
HTML EMBED:
COPY
Bay Ismoyo/AFP/Getty Images)

The amount of money people took home last year was the same as the year before

Andy Uhler Sep 10, 2019
Bay Ismoyo/AFP/Getty Images)
HTML EMBED:
COPY

New data from the U.S. Census Bureau on how much Americans are taking home has some economists, like Bruce Sacerdote at Dartmouth College, scratching their heads.

“It’s a puzzle,” he said. “The economy has been in expansion for a long time, there’s a lot of business optimism out there, there’s reasonable but not stellar GDP growth. So you should, of course, expect to see people taking more home.”

Some Americans are taking more money home, but those are generally people in the higher tax brackets. 

The median U.S. household income of $63,179 in 2018 was $533 higher than in 2017, which economists say is statistically insignificant.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.