Report: American household incomes below end-of-recession
Posted at: 08/23/2013 7:56 AM
| Updated at: 08/23/2013 9:57 AM
By: Nikki Ibarra, KOB Eyewitness News 4
The average American household is making less money now than when the Great Recession ended four years ago.
According to a report from Sentier Research, the average income nationally is a little more than $52,000. In New Mexico, it's around $44,000.
When the recession began in December of 2007, the median household income, nationwide, was $55,480. The current average income is even down from the recession's official end in 2009: $54,478.
The report, which is based off data from the U.S. Census Bureau, points out that nearly every race group is worse off than four years ago. Some have had larger than average declines, like African-Americans, young people and upper-middle aged and the unemployed.