Friday, May 25, 2018

Median Household Income Rises in April 2018

More good news from Sentier Research. Median household income in April 2018 climbed to $61,483—higher than in any month since January 2000, after adjusting for inflation, and 1.3 percent higher than the April 2017 median. Sentier's estimates are derived from the Census Bureau's Current Population Survey and track the economic wellbeing of households on a monthly basis. 

April's median was 3.2 percent higher than the median of December 2007, when the Great Recession began. It was 12.9 percent higher than the post-Great Recession low of June 2011. "We are at a point now where real median household income is 2.0 percent higher than January 2000, the beginning of this statistical series," says Sentier's Gordon Green. "Not an impressive performance by any means over a period spanning almost two decades, but the trend line has been positive for nearly seven years."

Sentier's Household Income Index in April 2018 was 102.0 (January 2000 = 100.0). Back when the Great Recession began in December 2007, the Index was at 98.8. It fell to 97.0 by June 2009, the official end of the Great Recession. It continued to fall, reaching the low of 90.4 in June 2011. To stay on top of these trends, look for the next monthly update from Sentier.

Source: Sentier ResearchHousehold Income Trends: April 2018

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