Median household income is moving the wrong way, writes Demo Memo's Cheryl Russell. Russell cites work from Sentier Research from which household income estimates are derived from the Census Bureau's monthly Current Population Survey.
The May 2016 median of $56,853 was slightly below the $57,024 median of December 2007, after adjusting for inflation. We've fallen behind again.
Despite those numbers, there is some good news.
The May 2016 median was 1.8 percent higher than the May 2015 median, and 8.9 percent above the $52,229 median of August 2011—the low point in Sentier's household income series.