Wednesday 17 September 2014

US household incomes stagnate despite economic recovery - FT.com

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The lack of any rise in household incomes shows why consumption growth is still sluggish and President Barack Obama has received little political credit for the economy recovery.

The median US household earned $51,939 in 2013 and the median household of working age earned $58,448, up by 0.4 per cent. The annual figures measure income before taxes and benefits such as food stamps."


http://www.ft.com/cms/s/0/c1bc60ba-3db1-11e4-b782-00144feabdc0.html?siteedition=intl#axzz3Db7TDw2V



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