Government reports have highlighted a troubling trend: income growth in many metro areas has lagged behind inflation over the past year. Specifically, from July 2023 to July 2024, numerous metropolitan regions have seen their year-over-year income growth fall short of inflation—or even turn negative. These areas starkly contrast with metros where incomes have risen, further underscoring the economic disparity. This trend poses significant concerns for the broader economy and casts a shadow over the economic policies of the current administration, commonly referred to as "Bidenomics."
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