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New Income Growth Data for Different Social Groups

This act requires the Bureau of Economic Analysis to collect and publish data on how economic growth affects the incomes of various social groups. This will allow citizens to better understand if and to what extent economic growth translates into an improvement in their personal financial situation, and how wealth is distributed in society.
Key points
The government will be required to show how economic growth impacts the incomes of the wealthiest and the poorest.
This information will be included in Gross Domestic Product reports, increasing transparency of economic data.
It will enable citizens to assess whether economic policies support equitable development for all.
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Additional Information
Measuring Real Income Growth Act of 2021
Print number: HR 1756
Sponsor: Rep. Maloney, Carolyn B. [D-NY-12]
Process start date: 2021-03-10