In what will be the last of its monthly series of median household income estimates, Sentier Research reports no change in median household income in May 2017. The May median of $59,345 was not significantly different from the April 2017 median, after adjusting for inflation. It was 2.2 percent higher than the median of December 2007, the start of the Great Recession. It was 1.0 percent above the median of January 2000, the start of Sentier's statistical series.
The monthly series is ending because, as Sentier's John Coder and Gordon Green explain, they can no longer afford to produce it. "We believe, as we hope you do, that these estimates provided an important new dimension regarding the economic situation of American households as we slowly climbed out of the Great Recession."
Sentier has been tracking monthly trends in median household income since 2011, providing a valuable heads-up on what the Census Bureau reports on only once a year. Demo Memo is sorry to see it end. If anyone is interested in continuing the series, please contact Sentier.
Source: Sentier Research, Household Income Trends: May 2017
No comments:
Post a Comment