Household income

 

Household income is an economic measure that can be applied to one household, or aggregated across a large group such as a county, city, or the whole country. It is commonly used by the United States government and private institutions to describe a household’s economic status or to track economic trends in the US.

U.S. real (inflation adjusted) median household income was $51,939 in 2013 versus $51,759 in 2012, essentially unchanged. However, it has trended down since 2007, falling 8% from the pre-recession peak of $56,436. It remains below the 1999 record of $56,895. Household income is affected by a variety of factors, such as population aging and household composition.[1]

The distribution of household incomes has become more unequal during the post-2008 economic recovery, a first for the US but in line with the trend over the last ten economic recoveries since 1949.[2][3] Income inequality in the United States has grown from 2005 to 2012 in more than 2 out of 3 metropolitan areas.

Advertisements

About arnulfo

veterano del ciberespacio
This entry was posted in Economy, wikipedia and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s