Real median household income in the United States has been on a generally downward trend since it peaked at the end of the last century in 1999, according to data released yesterday by the Census Bureau.
The report said that was “not statistically different from the 2013 median,” which was $54,462.
However, said the Census Bureau, the median household income of $53,657 in 2014 was “6.5 percent lower than the 2007 (the year before the most recent recession) median ($57,357), and 7.2 percent lower than the median household income peak ($57,843) that occurred in 1999.”
NORM ‘n’ AL Note: In other words, the Obama administration has done virtually NOTHING for Americans in very real terms, in PAYCHECK terms, since it took office. When Mr. O tries to tell you how wonderful a job he has been doing, and how great things are because he has been in the White House, let him know what his own government’s Census Bureau has said to refute that big lie.
According to Table H-6, which lists median household income in constant 2014 dollars for every year from 1975 through 2014, the real median household income in the United States was $55,313 in 2008, the year Barack Obama was elected president.
Of the four major regions of the country, the Northeast had the highest median household income ($59,210) and West had the second highest ($57,688), the Midwest had the third highest ($54,267) and the South had the lowest ($49,655).
[by Terence P. Jeffrey, writing for CNS NEWS]
As always, posted for your edification and enlightenment by
NORM ‘n’ AL, Minneapolis