Friday, April 24, 2015

Household Income Falls in March 2015

Median household income stood at $54,203 in March 2015, according to Sentier Research. This was 0.8 percent ($436) lower than the February median, a statistically significant decline. Despite the decline, the March 2015 median was 2.1 percent higher than the March 2014 median and 5.5 percent above the $51,358 median of August 2011—the low point in Sentier's household income series. 

"Even though there was an income decline between February and March," 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 March 2015 was 1.7 percent below the median of June 2009, the end of the Great Recession. It was 3.5 percent below the median of December 2007, the start of the Great Recession. It was 4.6 percent below the median of January 2000. The Household Income Index for March 2015 stood at 95.4 (January 2000 = 100.0).

Source: Sentier ResearchHousehold Income Trends: March 2015

No comments: