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US median incomes grew in 2017 for a 3rd straight year

By Christopher Rugaber | AP

September 12, 2018 at 11:29 AM

WASHINGTON — The income of a median U.S. household rose for a third straight year in 2017, boosted by a rise in the number of Americans with full-time jobs.

The Census Bureau says incomes for a typical household, adjusted for inflation, rose 1.8 percent, from $60,309 in 2016 to $61,372. Yet households are still earning essentially the same income they did in 2007 just before the Great Recession. Their inflation-adjusted median income remains below the record for a typical household — the $62,000 reached in 1999.

Last year, the number of people with jobs rose 1.7 million. And the number of workers with full-time permanent jobs increased 2.4 million. For years after the recession ended in 2009, the number of part-time workers who would have preferred full-time jobs remained elevated.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Politics

US median incomes grew in 2017 for a 3rd straight year

By Christopher Rugaber | AP

September 12, 2018 at 11:29 AM

WASHINGTON — The income of a median U.S. household rose for a third straight year in 2017, boosted by a rise in the number of Americans with full-time jobs.

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