Wednesday, August 29, 2018

Median Household Income Rises in July 2018

Another month of gains. Median household income in July 2018 climbed to $62,450, reports Sentier Research. This is the highest median recorded by Sentier since the January 2000 start of its monthly household income series. The July 2018 median was 2.6 percent higher than the July 2017 median, after adjusting for inflation. Sentier's estimates are derived from the Census Bureau's Current Population Survey and track the economic wellbeing of households on a monthly basis. 

"We are at a point now where real median household income is 3.1 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 about seven years." More impressive is the 14.1 percent rise in median household income since the post-Great Recession low of $54,736 in June 2011—two years after the official end of the Great Recession.

Sentier's Household Income Index in July 2018 was 103.1 (January 2000 = 100.0). To stay on top of these trends, look for the next monthly update from Sentier.

Source: Sentier ResearchHousehold Income Trends: July 2018

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