U.S. workers' incomes fell faster during economic recovery than during recession, study finds; incomes fell 6.7% during recovery, 3.2% during recession
October 11, 2011
– U.S. workers' incomes fell faster during the economic recovery than during the recession, according to a new study by two former Census Bureau employees, Reuters reported Oct. 10.
The study published by Sentier Resarech found that median annual incomes adjusted for inflation fell 6.7% between June 2009 and June 2011, versus a 3.2% decline during the recession.
Median annual household income was US$49,909 in June 2011, down from $55,309 in December 2007.
The primary source of this article is Reuters, London, England, on Oct. 10, 2011.