Household Income of Americans Fell in 2020 for First Time Since 2011: Census Bureau

household income of americans fell in 2020 for first time since 2011 census bureau

Sumary of Household Income of Americans Fell in 2020 for First Time Since 2011: Census Bureau:

  • The household income of Americans fell last year as COVID-19-related lockdowns wrought havoc on the economy, according to new figures from the Census Bureau.
  • The report comes shortly after more than 7 million Americans lost their pandemic unemployment benefits on Labor Day, including Federal Pandemic Unemployment Compensation (FPUC)—the $300 weekly bonus checks, as well as assistance for those who are normally ineligible for unemployment insurance—leaving them with smaller payouts or nothing at all.

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