U.S. Household Income Grew 5.2% in 2015, Breaking Pattern of Stagnation

September 13, 2016 2:15 PM

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U.S. Household Income Grew 5.2% in 2015, Breaking Pattern of Stagnation

WASHINGTON — For American families, household incomes rose strongly in 2015, breaking a yearslong pattern of income stagnation. The median household’s income in 2015 was $56,500, an increase of 5.2 percent over the previous year, the Census Bureau reported Tuesday.

The income gains are an important turning point in the recovery from the 2008 recession, the deepest since the Great Depression. They show that recent economic gains are being distributed more broadly.

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