Aging, Migrating, and (Not) Broke: Unpacking America’s Latest Numbers ๐Ÿ“ˆ๐Ÿ‘ต๐ŸŒ

1๏ธโƒฃ The Graying and Moving of America ๐Ÿงณ๐Ÿ‘ด: The U.S. population is both aging and relocating. The median age has ticked up to 39 years, and states like Florida, Idaho, and South Carolina are becoming new demographic hotspots. Meanwhile, traditional powerhouses like New York and Illinois are losing residents. ๐ŸŒด๐Ÿš—๐Ÿ“‰

2๏ธโƒฃ Income Dips But Not Into Poverty ๐Ÿ“‰๐Ÿ’ต: Despite the nationwide median household income falling by 0.8%, poverty rates remained stable or even improved in some states. Interestingly, the share of households making $100,000 or more increased from 34% to 37%. ๐Ÿ’ฒ๐Ÿ“Š

3๏ธโƒฃ Pandemic Influence or Permanent Shift? ๐Ÿฆ ๐Ÿ—บ๏ธ: The data, referred to as the “late pandemic era,” raises questions about the longevity of these demographic and economic trends. Have people moved to Idaho for good, or is this merely a pandemic-induced blip? ๐Ÿค”๐Ÿก๐Ÿ›ฃ๏ธ

Supplemental Information โ„น๏ธ

The 2022 American Community Survey reveals a dynamic demographic and economic landscape in the U.S., shaped partly by the ongoing pandemic. The figures show that “where you live” has become an increasingly significant determinant of various life outcomes, from income to poverty rate.

ELI5 ๐Ÿ’

America is getting older and people are moving to different states. Even though people are earning a bit less money, fewer people are very poor. We donโ€™t know if these changes are because of the pandemic or if they will stay this way. ๐Ÿงณ๐Ÿ‘ด๐Ÿ’ต

๐Ÿƒ #DemographicShifts #IncomeTrends #LatePandemicEra

Source ๐Ÿ“š: Where America stands on income, age and residence – Axios–LL16w

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