Income Increase
In 2015, median household income (MHI) surged 5.2%, the largest jump ever, to $56,516, up from $53,718 last year. MHI remains below the pre-recession 2007 peak of $57,423 and the 1999 all-time high of $57,909. Women saw their earnings rise 2.7%, while men’s rose 1.5%. Non-citizen MHIs rose 10.5% to $45,100. The only downer, median incomes rose 7.3% for workers living in major cities but didn’t rise in rural areas.
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Elliot F. Eisenberg, Ph.D.
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