Office of Policy and Strategic Planning
People, over time, generally experience changes in income and economic well-being. Measures such as poverty rates and median income are useful for understanding general economic trends; however, these aggregates often mask the extent of income variability experienced by individuals. Longitudinal surveys, by tracking the same households over time, allow for the study of personal income dynamics.
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A Chance to Advance: A Look at Income Variability in the U.S. | 224.35 KB |