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U.S. household incomes slip, poverty rate holds in 2014 PDF Print E-mail

By Susan Heavey and Donna Chiacu

Reuters

September 16, 2015

American household incomes lost ground last year as the poverty rate remained flat, a sign that U.S. economic expansion had yet to lead to gains for many Americans five years after the 2007-2008 recession.

The data released by the U.S. Census Bureau on Wednesday, which showed the inflation-adjusted median income slipping to $53,657 last year from $54,462 in 2013, offered a reminder of the tepid nature of the economy's recovery.

"In 2014, real median household income was 6.5 percent lower than in 2007, the year before the most recent recession," Census researchers wrote.

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