New income statistics from the U.S. Census Bureau’s 2021 Current Population Survey Annual Social and Economic Supplements (CPS ASEC) show the uneven impact of the pandemic. From 2019 to 2020 there was a 1.2 percent decrease in median earnings and a 2.9 percent decrease in median household income. However, among full-time, year-round workers, median earnings increased by 6.9 percent. This increase was not because of increasing wages, but instead primarily due to pandemic-related job losses being concentrated in low-wage industries and occupations. Full-time, year-round employment declined the most in food preparation and serving related occupations, which also had the lowest median wage at $13 per hour.
Median earnings and median household income decline overall from 2019 to 2020
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