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Household Incomes Have Stagnated in the Last Decade

By: Kyle Pomerleau, Andrew Lundeen

Household incomes have stagnated in recent years. From 1980 to 2000, when the economy was growing at a higher rate, real household income increased from $47,668 to $56,800, where it peaked. But since 2000, and after two recessionA recession is a significant and sustained decline in the economy. Typically, a recession lasts longer than six months, but recovery from a recession can take a few years. s, median household income in the United States has declined. In 2013, median household income was $51,939, the lowest it has been since 1995.

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