Monday, June 01, 2015

Household Income Rises in April 2015

Median household income stood at $54,578 in April 2015, according to Sentier Research. This was 0.6 percent higher than the March median, a statistically significant increase. The April 2015 median was 3.0 percent higher than the April 2014 median and 6.2 percent above the $51,411 median of August 2011—the low point in Sentier's household income series. 

"Although the economic recovery officially began in June 2009," 
says Sentier's Gordon Green, "the recovery in household income did not begin to emerge until after August 2011." Sentier's median household income estimates are derived from the Census Bureau's monthly Current Population Survey. 

Median household income in April 2015 was 1.1 percent below the median of June 2009, the end of the Great Recession. It was 2.9 percent below the median of December 2007, the start of the Great Recession. It was 4.0 percent below the median of January 2000. The Household Income Index for April 2015 stood at 96.0 (January 2000 = 100.0).

Source: Sentier ResearchHousehold Income Trends: April 2015

No comments: