Economy/Business News Alert: Household income falls below recession levels

Thursday, August 23, 2012

   
The Washington PostThursday, August 23, 2012 2:03:37 PM
ECONOMY/BUSINESS NEWS ALERT

Household income falls below recession levels


Household income is down sharply since the recession ended three years ago, according to a report released Thursday, providing another sign of the stubborn weakness of the economic recovery.

From June 2009 to June 2012, inflation-adjusted median household income fell 4.8 percent to $50,964, according to a report by Sentier Research, a firm headed by two former Census Bureau executives.


Read more at:
http://www.washingtonpost.com/business/economy/household-income-is-below-recession-levels-report-says/2012/08/23/aa497460-ec80-11e1-a80b-9f898562d010_story.html



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