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Prior to 2020, the median real income for families in the United States had been increasing for 5 consecutive years.
Full-time male workers earn more than full-time female workers
There is a high rate of child poverty in the United States compared to other developed countries.
Income varies widely across racial and ethnic groups in the United States.
Over 11 percent of the population lives in poverty, and nearly half of those in poverty live in deep poverty.
Poverty levels among children remain much higher than poverty levels for those 65 and older.
Transfers from programs like Medicaid, CHIP, and SNAP represent an increasing share of income for low to middle income groups.
By the Numbers: 2021 Trustees Reports.
“It makes no sense that we allow programs as essential as Social Security and Medicare to remain on such shaky and uncertain fiscal ground," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.