Friday, June 29, 2018

Median Household Income Grew in May 2018

Median household income in May 2018 climbed to $61,858, according to Sentier Research. This is a higher median than in any month since January 2000, after adjusting for inflation. The May 2018 median was 1.8 percent higher than the May 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. 

Median household income in May was 3.7 percent higher than the median of December 2007, when the Great Recession began. It was 13.3 percent higher than the post-Great Recession low of June 2011. "We are at a point now where real median household income is 2.4 percent higher than January 2000, the beginning of this statistical series," reports 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 May 2018 was 102.4 (January 2000 = 100.0). To stay on top of these trends, look for the next monthly update from Sentier.

Source: Sentier ResearchHousehold Income Trends: May 2018

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