(CNSNews.com) - Real median household income in the United States has been on a generally downward trend since it peaked at the end of the last century in 1999, according to data released yesterday by the Census Bureau.
The report said that was “not statistically different from the 2013 median,” which was $54,462.
However, said the Census Bureau, the median household income of $53,657 in 2014 was “6.5 percent lower than the 2007 (the year before the most recent recession) median ($57,357), and 7.2 percent lower than the median household income peak ($57,843) that occurred in 1999.”
According to Table H-6, which lists median household income in constant 2014 dollars for every year from 1975 through 2014, the real median household income in the United States was $55,313 in 2008, the year Barack Obama was elected president.
Of the four major regions of the country, the Northeast had the highest median household income ($59,210) and West had the second highest ($57,688), the Midwest had the third highest ($54,267) and the South had the lowest ($49,655).