U.S. workers' incomes fell faster during economic recovery than during recession, study finds; incomes fell 6.7% during recovery, 3.2% during recession
Cindy Allen
LOS ANGELES
,
October 11, 2011
(Industry Intelligence)
–
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.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.