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Economic News, Data and Analysis

Income in 2006

The income story from Census today – quick first take. Not much jumped out at me besides the drop in full-time, year round earnings (see below).
* While median household income increased by $356 between 2005 and 2006, it is still $1,043 below its peak in 1999.
* The household increase was due entirely to an increase in full-time workers and changes in family composition:
— Median earnings of full-time, year-round workers fell by $482 for men, and $388 for women.
— These median earnings are $2,353 below peak levels for men, and $1,335 below peak levels for women.
* Little change in income distribution – the top quintile still has more income than the bottom 80%.

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Filed under: Economics

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