Wednesday, April 30, 2014

Household Income Falls in March 2014

One step forward, two steps back. Median household income ticked up in February, only to fall back in March. According to Sentier Research, median household income fell to $53,043 in March 2014. This figure is 0.7 percent lower than in the previous month, after adjusting for inflation. The March 2014 median was 1.3 percent higher than the March 2013 figure, however, and 3.0 percent higher than the $51,482 of August 2011—the low point in Sentier's household income series. Sentier's median household income estimates are derived from the Census Bureau's monthly Current Population Survey.

We are still playing catch-up with the way we were. Median household income in March 2014 was a substantial 4.0 percent below the median of June 2009, the end of the Great Recession. It was 5.7 percent below the median of December 2007, the start of the Great Recession. It was 6.9 percent below the median of January 2000. 
For more information on household income trends for the nation, states, and metropolitan areas, visit the Sentier Research web site.

Source: Sentier ResearchHousehold Income Trends: March 2014

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