Scott's Sheet

Are We Truly Better Off? Comparing the Economic Realities of 2012, 2016, 2020, and 2024

November 8, 2024
by Scott K. James
41 min read
Written by Scott K. James

Despite significant increases in median household income from 2012 to 2024, rising costs in housing, food, and fuel have strained family budgets. Mortgage rates have skyrocketed, and inflation erodes purchasing power. Are Americans really better off now, or are these gains just illusions amid surging expenses? The numbers reveal mixed truths.

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