Tuesday, August 27, 2013

Tracking Americans' Income

The economy has recovered in many ways from the recession, but one area in which is still lags is household income. As of June of this year, median household income was at $52,100, which is 6 percent below where it was in December 2007, the beginning of the recession.

But it's also well above where household income bottomed out in the post-recession years. The low for that mark in recent years was $50,700, in August 2011. We've rebounded 2.8 percent since then.

As that date shows, household income continued to decline even after the recession ended. At the technical end of the recession, in June 2009 - when the economy went from contracting to expanding - median income was at $54,500. After that point, the figure still dropped another 7 percent before starting back upward.

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