Friday, September 06, 2019

Median Household Income Rises in July 2019

Median household income climbed 0.7 percent between June and July 2019, after adjusting for inflation. The $65,084 July median was $438 greater than the June 2019 median, according to Sentier Research. Sentier's estimates are derived from the Census Bureau's Current Population Survey and track the economic wellbeing of households on a monthly basis.

"Real median household income continued to display an upward trend over the past 12 months (up 2.3 percent)," says Sentier's Gordon Green, "and especially since the low point reached in June 2011 (up 16.6 percent)." At the June 2011 low point—two years after the official end of the Great Recession— median household income was just $55,798.  

Sentier's Household Income Index for July 2019 was 105.4 (January 2000 = 100.0). In other words, the July 2019 median, after adjusting for inflation, was just 5.4 percent higher than the median of January 2000—almost two decades ago. "Not an impressive performance by any means," says Green. To stay on top of these trends, look for the next monthly update from Sentier.

Source: Sentier ResearchHousehold Income Trends: July 2019

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