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Labor Secretary Lori Chavez-DeRemer shared a chart July 17 on X showing lower- and middle-income Americans gaining the most from the new law’s tax provisions.
The dynamic is reflected in the chart below, which shows low-income inflation increases outpacing those for the other four quintiles since 2006, and over a nearer-term timeframe.
The typical home in Massachusetts now costs six times more than the average household’s annual income. In Greater Boston, it is more like seven times more.
The dynamic is reflected in the chart below, which shows low-income inflation increases outpacing those for the other four quintiles since 2006, and over a nearer-term timeframe.
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