Median income jumps to highest on record

By -NO AUTHOR-

(THE HILL) — The median American household took home just over $59,000 in 2016, the highest figure ever measured — with an asterisk — by the U.S. Census Bureau and up 3.2 percent over the previous year.

Census Bureau officials cautioned that improvements and updates to the way they collect data about household income makes direct comparisons difficult. The Economic Policy Institute, a left-leaning think tank, said median household income still lags behind the high watermark set in 2000, and the median set in 2007, just before the onset of the recession.

Still, the bureau said household incomes are up notably in the years after the recession.

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