If you annualize this number you get $5,340.

In the US real median household income after tax is $64,000.

Meaning, average American household is %8 poorer than a year ago. Official inflation may be around 3%, but people feel that their purchasing power declined way more.

— Oguz O. | 𝕏 Capitalist 💸 (@thexcapitalist) April 9, 2024