The @BLS_gov Consumer Expenditure Report has tracked household budgets since 1984. How is the median household doing today vs then? In short: incomes are $16k higher, and food and clothing are cheaper. But the avg household is spending $5k more on #housing. (1/10) The rise in incomes has been the main tailwind for household finances. In 1984 the median household (middle quintile) earned just under $45k (2021 dollars). In 2021, the median household earned almost $61k. (2/10)