Monday, July 30, 2012

Household Income Stable in June

Median household income held steady between May and June 2012 after adjusting for inflation, according to the latest monthly update from Sentier Research. The June median of $50,964 was $265 greater than the May median, but the gain was not statistically significant. 

"The trend in real median annual household income over the past several months has followed a noticeably uneven pattern...consistent with a struggling economy," notes Sentier in its report. The June median was 4.8 percent lower than median household income in June 2009--the end of the Great Recession. It was 7.2 percent lower than the median in December 2007, the start of the Great Recession. It was 8.1 percent lower than the median in January 2000.

The Household Income Index for June 2012 was 91.9 (January 2000 = 100.0).

Source: Sentier Research, Household Income Trends: June 2012

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