Household Income Analysis - The report provides median household income figures for all 50 U S states, Washington, D C , and Puerto Rico [1] - The report also includes the U S average median household income [1]

Consumer Spending Trends - Bank of America Institute data indicates a 2% increase in debit and credit card spending in June [1] - While consumer spending rebounded in June, it didn't fully offset earlier declines, suggesting a cooling trend [2] - Lower-income households are primarily driving the pullback in spending, while higher-income household spending accelerated by 1.2% [5] - Discretionary travel spending is declining, but restaurant spending shows a dichotomy, with fewer households dining out but spending more per transaction [6][7] Income and Wage Growth - Higher-income households experienced accelerated after-tax wage growth, nearing 3%, for the third consecutive month [9] - Lower-income households saw decelerated after-tax wage growth, increasing by 1.6% compared to 1.8% previously [10] Credit Card Usage - Younger generations entering a challenging labor market are a focal point regarding credit card usage [11]

Income & Wealth Perception - Households earning approximately $250,000 or more annually are typically classified within the top 10% of earners [1] - Despite being in the top 10%, these high-income families do not perceive themselves as wealthy [1]

Income & Wealth Distribution - American households earning approximately $250,000 or more annually are typically classified within the top 10% of earners [1] Sentiment Analysis - Despite belonging to the top 10% income bracket, these high-earning families do not perceive themselves as wealthy [1]

American households that make about $250,000 or more are typically considered to be in the top 10% of earners. But these families don’t feel rich. https://t.co/yszDB1AVIc https://t.co/Z3I498fGjk ...