Wednesday, October 24, 2012

Household Income Up in September 2012

Median household income climbed 1.0 percent between August and September 2012 after adjusting for inflation, according to the latest monthly update from Sentier Research. The September median of $51,438 was $534 greater than the August median, a statistically significant increase.

Households are still struggling to make up for all the ground lost not just during the Great Recession, but during the entire 2000-to-2012 time period. Median household income in September 2012 was 4.7 percent lower than the median in June 2009--the end of the Great Recession. It was 7.1 percent lower than the median in December 2007, the start of the Great Recession. It was 8.0 percent lower than the median in January 2000. The Household Income Index for September 2012 was 92.0 (January 2000 = 100.0). 

For those interested in how household income has changed by household characteristic, you can get a copy of "Changes in Household Income During the Economic Recovery: June 2009 to June 2012," from Sentier's web site for $25.00.

Source: Sentier Research, Trends in Household Income: September 2012

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