Average U.S. Household Income is Less Now Than in 2007

household incomeThe average U.S. household income has not fully rebounded from The Great Recession according to a report released last week from the U.S. Census Bureau. Based on the findings of that report, the median household income in 2014 was $53,657. When factoring in inflation, that amount is 6.5 percent less than the median household earned in 2007—one year prior to the recession. The report also found a significant disparity still exists in household income by race. Asian households earned the highest median household income at $74,297 while black households earned the least at $35,398.

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