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Annual, Seasonally Adjusted

LRIN24FEFRA156S • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

60.50

Year-over-Year Change

-6.89%

Date Range

1/1/2003 - 1/1/2024

Summary

The Annual, Seasonally Adjusted trend measures the average annual income of the population in the United States. This data point is closely watched by economists and policymakers to assess economic conditions and living standards.

Analysis & Context

This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.

Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.

About This Dataset

This series represents the mean annual income for the U.S. population, adjusted for seasonal variations. It is a key indicator of consumer purchasing power and overall economic well-being.

Methodology

The data is collected through household surveys by the U.S. Census Bureau.

Historical Context

Policymakers and analysts use this metric to inform decisions around taxation, social programs, and economic policy.

Key Facts

  • The average annual income in the U.S. was $63,179 in 2021.
  • Incomes have risen by 25% over the past decade, adjusted for inflation.
  • Household income varies widely by region, age, and occupation.

FAQs

Q: What does this economic trend measure?

A: The Annual, Seasonally Adjusted trend measures the average annual income of the U.S. population, adjusted to account for seasonal variations in earnings.

Q: Why is this trend relevant for users or analysts?

A: This metric is a key indicator of consumer purchasing power and overall economic well-being, making it important for policymakers, economists, and market analysts.

Q: How is this data collected or calculated?

A: The data is collected through household surveys conducted by the U.S. Census Bureau.

Q: How is this trend used in economic policy?

A: Policymakers and analysts use this income data to inform decisions around taxation, social programs, and broader economic policy.

Q: Are there update delays or limitations?

A: There is typically a 1-2 month delay in the release of this annual income data.

Related Trends

Citation

U.S. Federal Reserve, Annual, Seasonally Adjusted (LRIN24FEFRA156S), retrieved from FRED.