Median Household Income Is Growing

According to a new report from Sentier Research, the median household income has increased over the last three years, jumping to 3.8% in June, and averaging $53,891. Although median income has increased, it is still considered to be 3.1% below the mid-2009 high of $55,589. Gordon Green, a partner at Sentier, stated that “even though technically the recovery began in June 2009 the broad measures of unemployment were still high. As people found jobs, their incomes went up and then we started to see incomes turn around.” More here

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