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Report: US Household Income Below End-of-Recession

Photo MGN/Novinite

Photo MGN/Novinite

WASHINGTON (AP) — The average American household is earning less than when the Great Recession ended four years ago, according to a report released Wednesday.

U.S. median household income, once adjusted for inflation, has fallen 4.4 percent in that time, according to the report from Sentier Research. The report is based on an analysis of Census Bureau data.

The median, or midpoint, income in June 2013 was $52,098. That’s down from $54,478 in June 2009, when the recession officially ended. And it’s below the $55,480 that the median household took in when the recession began in December 2007.

The report says nearly every group is worse off than four years ago, except for those 65 to 74. Some groups have experienced larger-than-average declines, including blacks, young and upper-middle-aged people and the unemployed.

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  • dontcrankmeoff

    More out and out lies by Ch40. The recession never ended, but these morons are telling us it ended 4 years ago??? How F’ed up is this media getting? First lies about people on welfare having it so good, then you have Fox news and their attacks on people who get EBT. This is the governments plan to start class warfare to get rid of the poor it created. Y
    The biggest enemy we as people face, is our own government. They are now telling the “we haves” that it is OK to trample on people because they are poor. We need a new government, this one has taken on a mind of its own. Fox news needs to be off the air forever.

    • alpinequeen

      You know, Channel 40 has installed a “dirty word” filter so that’s why some of the words appear as ****. If they were to include words like moron, imbecile, and some of the colorful words you like to use, your posts will become extremely short.