Chart of the Day #1: Household Income Rises Sharply in 2015


I’ve got good news and bad news for you today. First the good news:

Median household income was $56,516 in 2015, a 5.2 percent increase from the 2014 median in real terms….

And now, continuing directly, the bad news:

….but 1.6 percent lower than the median in 2007, the year before the most recent recession, and 2.4 percent lower than the median household income peak that occurred in 1999.

This comes from the latest Census report on income and poverty. It shows that income really is making a strong recovery as the labor market tightens. But it also shows that we still have a ways to go before we make up for the losses of the Great Recession.

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate