US Standard of Living Statistics and Data Trends: household income, poverty rate, and more (2024)

Spending on standard of living

In fiscal year 2020, governments spent a combined total of $2.1 trillion on standard of living and aid for the disadvantaged.

That comes out to $6,376 per person.

USAFacts categorizes government budget data to allocate spending appropriately, and to arrive at the estimate presented here. Spending on standard of living, most notably with unemployment insurance, spiked during the pandemic.

Government revenue and expenditures are based on data from the Office of Management and Budget, the Census Bureau, and the Bureau of Economic Analysis. Each is published annually, although due to collection times, state and local government data are not as current as federal data. Thus, when combining federal, state, and local revenues and expenditures, the most recent year for a combined number may be delayed.

Agencies and elected officials

Focus
Key actors
Responsibilities

Income and taxes

Department of Labor, Congress

Set and enforce federal minimum wage

Cash assistance

Department of Health and Human Services

Give block grants to fund Temporary Aid for Needy Families (TANF)

Non-cash assistance and services (including medical benefits)

Department of Health and Human Services

Fund childcare assistance

Focus

Income and taxes

Cash assistance

Non-cash assistance and services (including medical benefits)

US Standard of Living Statistics and Data Trends: household income, poverty rate, and more (2024)
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