World Economy

American Incomes Stagnant

American Incomes StagnantAmerican Incomes Stagnant

In what has become a recurring theme in America’s long slog back from the 2007-09 recession, most US households again saw no noticeable increase in their income last year. A report from the Census Bureau on Tuesday showed the country’s median household income edged up just $180 last year to $51,939, a gain deemed statistically insignificant, Reuters reported. Income at the median, meaning half the country earned more and half earned less, has declined nearly $5,000 since 2007 when the nation fell into a deep downturn.