Median Household Income Falls for the fourth straight year in 2011

After hitting $54,489 in 2007 (inflation adjusted), median household income has dropped by nearly $4,500:

2007 – $54,489
2008 – $52,546
2009 – $52,195
2010 – $50,831
2011 – $50,054

Median household income is defined by the U.S. Census Bureau as “the amount which divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount.”

Read it all and you can find the full census report there.


Posted in * Culture-Watch, * Economics, Politics, Economy, History, Personal Finance, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--