The U.S. economy generated $27.7 trillion in 2023, leading globally and demonstrating immense productivity. Yet, this prosperity coexists with notable income inequality, where the country is home to 22 million millionaires and 40.4 million individuals living in poverty. The poverty line defined by the U.S. Department of Health and Human Services indicates that although only 12.4% of Americans fall below this threshold, many live in counties with significantly lower median incomes, underscoring the disparities in wealth distribution across the nation.
The U.S. economy is the most productive globally, generating $27.7 trillion in 2023, significantly surpassing China's economy by nearly $10 trillion.
The U.S. hosts 22 million millionaires and 40.4 million people below the poverty line, highlighting stark income inequality.
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