Report On Household Income
"Sentier Research recently released a report that introduces a new monthly series that will examine trends in the income (before taxes) of American households.
This new series should prove to be a very valuable addition to existing statistical series such as the employment and unemployment data released monthly by the U.S. Bureau of Labor Statistics.
It will provide the only measure of changes in household income from this point forward until the Fall of 2012 when the U.S. Census Bureau will issue its report for income and poverty in calendar year 2011.
This report includes: (1) estimated changes in household income during the recent recession and post-recessionary period, and (2) the new Household Income Index (HII) that tracks median household income by month starting in January 2000. First, it examines household income trends during the recent recession lasting from December 2007 to June 2009, and two full years of the “economic recovery” beginning in June 2009 up through June 2011. It shows that there has been no recovery in terms of household income. To the contrary, it shows that median household income has continued to decline up through June 2011."
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