Household income has fallen 4.4% since recession's end, report finds

Staff Writer
Columbus CEO

The tough economy has pushed the average U.S. household income down even further than it was when the Great Recession ended, according to a recent report.

American households are earning 4.4 percent less, when adjusted for inflation, than they were when the economic recovery began four years ago, according to a report by Sentier Research.

In June, the median income clocked in at $52,098, down from the $54,478 earned in June 2009. That drop is even more drastic when compared against the average income of $55,480 that households earned in December 2007, when the recession began.

“Almost every group is worse off than it was four years ago,” said Gordon Green of Sentier Research. Demographic groups such as the middle-aged, part-time workers and women with children have suffered even worse than the average.

The one exception, Green noted, are households of people 65 to 74 years old.

Breaking down the data geographically shows that people living in the South, Northeast and West also saw their incomes drop. But Midwesterners — the one exception to shrinking earnings — actually saw their income rise by a small 0.8 percent to $52,620.


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