U.S. household income finally topped 1999 peak last year
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Title : U.S. household income finally topped 1999 peak last year
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Title : U.S. household income finally topped 1999 peak last year
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news-today.world | In 2016 the median income of American households finally surpassed the median in 1999.
Incomes for a typical U.S. household rose to $59,039, a 3.2percent increase from 2015 to 2016 when adjusted for inflation, the Census Bureau said. The median is the point at which half the households fall below and half are above.
Incomes for a typical U.S. household rose to $59,039, a 3.2percent increase from 2015 to 2016 when adjusted for inflation, the Census Bureau said. The median is the point at which half the households fall below and half are above.
Last year's figure is slightly above the previous peak of $58,665 in 1999.
It is also the first time since the Great Recession ended in 2009 that the typical household earned more than it did when the recession began in 2007.
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It is also the first time since the Great Recession ended in 2009 that the typical household earned more than it did when the recession began in 2007.
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