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Sluggish Salary
09/18/2014 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, Median household income, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist, www.econ70.com
Inflation-adjusted US median household income (MHI) rose to $51,939 in 2013, up $181 from 2012. The problem is that MHI is still slightly less than it was in 1989 — 25 years ago — and MHI is still 9% below the all-time peak of $56,895 in 1999! Since 2009 incomes have only risen for the top 5% of the income distribution. The rich are different: their incomes grow!