Real Median Household Income Rises 1.2% in February

[ProSense]

Real Median Household Income Rises 1.2% in February

By Doug Short

March 31, 2014 (Monthly Update)

Summary: The Sentier Research monthly median household income data series is now available for February. Nominal median household incomes were up $668 month-over-month and up $1,787 year-over-year. Adjusted for inflation, they were up 1.2% MoM and 2.4% YoY.

The latest monthly gain was the second largest of the 170 data points in this series since the turn of the century. However, in real dollar terms, the median annual income is 6.8% lower (about $3,892) than its interim high in January 2008.

<...>

The first chart below is an overlay of the nominal values and real monthly values chained in January 2014 dollars. The red line illustrates the history of nominal median household, and the blue line shows the real (inflation-adjusted value). I've added callouts to show specific nominal and real monthly values for January 2000 start date and the peak and post-peak troughs.



In the latest press release, Sentier Research spokesman Gordon Green summarizes the recent data.

This monthly increase in median household income between January and February 2014 extends an uneven but upward trend. Our time series charts clearly illustrate that although the economic recovery officially began in June 2009, the recovery in household income did not begin to emerge until after August 2011. While many of the month-to-month changes in median income since the low-point in August 2011 have not been statistically significant, an overall upward trend is clearly evident.

- more -

http://advisorperspectives.com/dshort/updates/Median-Household-Income-Update.php

Just thought this should be posted with the accompanying facts from the actual source.

[ProSense]

1. Kick! n/t