In 1999, the median income of U.S. households was $57,843 in 2015 dollars. In 2014, that family was making only $53,657, down 7.2% from 1999. Americans still haven’t recovered the income they had before the recession that began at the end of the George W. Bush administration; the median income in 2007 was $57,357.
But as usual, life’s good if you’re among the wealthy. The richest 5% increased from $196,000 to $206,600.
read more