Median Household Income Was $51,017 in 2012

The 77 page report from the Census Bureau covers a wide range of different topics, but we'll be focusing on the median household income numbers in this article. The entire report can be viewed by clicking the link below.
--
According to the Census Bureau, median household income in the United States dropped for the fifth straight year in 2012. In total, 122,459,000 US household posted a median household income of $51,017 in inflation adjusted dollars.
Let's look at the median household income numbers since 2007:
2012 - $51,017
2011 - $51,100
2010 - $51,892
2009 - $53,285
2008 - $53,644
2007 - $55,627
The "Great Recession" started in December of 2007, and median household income has dropped in the country each year since.
The yearly drops are getting smaller (less than $100 from 2011 to 2012), but they are still drops. The "Great Recession" ended in mid-2009, but median household income in the United States still hasn't had a positive year since.
Given how many Americans are still out of work (or being forced to work part-time jobs when they want full-time work), it shouldn't surprise anyone to hear that median household income continues to sink in the country.
--
On an inflation-adjusted basis, median household income in the United States is down a little over $5,000 from its all-time high (1999). The all-time high was very nearly eclipsed in 2007 ($55,627), but it has been downhill ever since.
Source: Census.gov - Income, Poverty, and Health Insurance Coverage in the United States: 2012 (*.pdf)
Filed under: General Knowledge