Tuesday, September 13, 2016

5.2% Increase in Median Household Income in 2015

After seven long years of decline and stagnation, median household income finally registered a statistically significant gain in 2015, and it was a big one. The $56,516 median household income of 2015 was a substantial 5.2 percent higher than the 2014 median, after adjusting for inflation. The gains were enjoyed by both young and old...

Median household income in 2015 (and % change 2014-15; in 2015 dollars)
Under age 25: $36,108 (4.2%)
Aged 25 to 34: $57,366 (5.6%)
Aged 35 to 44: $71,417 (7.0%)
Aged 45 to 54: $73,857 (4.2%)
Aged 55 to 64: $62,802 (3.5%)
Aged 65-plus: $38,515 (4.3%)

Source: Census Bureau, Income and Poverty in the United States: 2015

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