Monday, March 30, 2015

Household Income Stable in February 2015

Median household income was $54,510 in February 2015, according to Sentier Research. Although this was $60 greater than the January median, the difference was not statistically significant after adjusting for inflation. The February 2015 median was 2.7 percent higher than the February 2014 median and 6.4 percent above the $51,237 median of August 2011—the low point in Sentier's household income series. 

"Even though there was not a statistically significant increase in median income between January and February," says Sentier's Gordon Green, "there has been a general upward trend in median income since the low point reached in August 2011." Sentier's median household income estimates are derived from the Census Bureau's monthly Current Population Survey. 

Median household income
 in February 2015 was 0.9 percent below the median of June 2009, the end of the Great Recession. It was 2.7 percent below the median of December 2007, the start of the Great Recession. It was 3.8 percent below the median of January 2000. The Household Income Index for February 2015 stood at 96.2 (January 2000 = 100.0).

Source: Sentier ResearchHousehold Income Trends: February 2015

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