Adjusted for Household Size, Real Income Reached an All-Time High in 2007
August 28, 2008
Mark J. Perry submits:
The Census Bureau just released its annual report that includes real, median household income for 2007 ($50,233). From the report:
Between 2006 and 2007, real median household income rose 1.3%, from $49,568 to $50,233 (see top chart above)—a level not statistically different from the 1999 prerecession income peak ($50,641 in 1999 and $50,557 in 2000). This was the third annual increase in real median household income. Compared with 1967, the first year for which household income statistics are available, real median household income has increased 29.6%.
Adjusted for Household Size, Real Income Reached an All-Time High in 2007
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