Ben Casselman and Lydia DePillis

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Poverty Rate Soared in 2022 as Aid Ended and Prices Rose

The increase in poverty reversed two years of large declines. Median income, adjusted for inflation, fell 2.3 percent to $74,580.

In a Hot Job Market, the Minimum Wage Becomes an Afterthought

The federal wage floor of $7.25 is increasingly irrelevant when even most teenagers are earning twice that. But what happens when the economy cools?
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