Americans believe in their future prosperity
Jeff Jones
President & Chief Executive Officer, H&R Block | Board Director | Committee Chair
Tax-return data suggests they have good reason to.
I'm proud to share that H&R Block released its fourth annual ?????????????? ???? ???????????????? ???????? report today. The 2024 report offers a unique view into how four generations of Americans are faring financially.???
To paint a portrait of hardworking Americans, our team of data scientists evaluated over a billion data points from 11.4 million taxpayers 2023 tax returns, four national surveys fielded as recently as August, and the U.S. Bureau of Labor Statistics, the IRS, and the U.S. Treasury.??
The report offers lots of insight into each of these four generations, but collectively, the top two takeaways from this year’s report include:?
1?? ???????????????? ???? ???????? ???????????? ???????????? ???????????? ?????? ?????????????????????? because wages are outpacing inflation, and each generation is better off than the last. Millennials and Gen Z enjoy as much as 30% more buying power than the generations did at their age 20 years ago.?
2?? ???????? ???? ?? ?????????????????????? ???????????? ???? ???????????? ????????????????????. While rising costs and inflation dominate the headlines, debt threatens Americans' financial stability. Credit card debt and student loans feel unmanageable for most generations, especially Gen X.?
To learn more about the less visible forces shaping our nation's economy, you can find the full report at https://hrblock.io/Outlook-on-American-Life?
#AmericanLife #FinancialOutlook #HRBlock #2024Report #EconomicInsights?
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5 天前Insightful reporting and data from H&R Block