Households Earning Less Income Than When Recession Ended

 

The average American household is earning less than when the Great Recession ended four years ago, according to a new report.

U.S. median household income, once adjusted for inflation, has fallen 4.4 percent in that time, according to the report from Sentier Research, an Annapolis data-analysis firm headed by two former Census Bureau officials.

The report is based on an analysis of Census Bureau data. Economists view median, or midpoint, income as a key marker for the well-being of the nation’s middle class.

Although U.S. average income has been recovering from its recent low point in August 2011, it remains 6.1 percent below where it stood when the country plunged into recession in December 2007, The Washington Post reported.

More @ Money News