Finally, an uptick in median household income. According to Sentier Research, median household income climbed to $53,093 in February 2014. This figure is 1.2 percent higher than the January 2014 median, after adjusting for inflation. The February 2014 median is 3.8 percent higher than the $51,152 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.
Despite the increase, median household income in February 2014 was still 3.3 percent below the median of June 2009, the end of the Great Recession. It was 5.0 percent lower than the median in December 2007, the start of the Great Recession. It was 6.2 percent lower than the January 2000 median. For more information on household income trends for the nation, states, and metropolitan areas, visit Sentier's web site.
Source: Sentier Research, Household Income Trends: February 2014
No comments:
Post a Comment