US median annual income falls 1.1% in February, down 6% since the start of the recovery

[Valin]

AEIdeas: James Pethokoukis

March 28, 2013

 

 

Some horrible statistics from The New York Times:

 

– For the first time in over a year, median annual income fell by a statistically significant amount from the previous month, according to a report from Sentier Research, a company run by former Census Bureau officials.

 

– Median annual household income (pretax) in February 2013 was $51,404, about 1.1 percent (or $590) lower than the January 2013 level of $51,994. The numbers are all pretax, and are adjusted for both inflation and seasonal changes.

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