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Economy recovers, income doesn't

August 22, 2013: 10:42 AM ET

The nation may be in better economic shape, but that doesn't mean Americans' paychecks are.

Median annual household income has fallen 4.4% to $52,098 in the four years since the economic recovery began.

Black Americans took the biggest income hit since the Great Recession ended.

Median household income for blacks dropped by more than $4,000 to $33,519. Whites, on the other hand, saw their median income slip just over $2,000 to $58,000.


Married couples and single women, meanwhile, have fared better than single mothers and men living alone.


And those who are starting and those nearing the end of their careers have also taken big income hits, while senior citizens saw their incomes climb.


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About This Author
Tami Luhby
Tami Luhby
Senior writer, CNNMoney

Tami Luhby is a senior writer at CNNMoney and covers income inequality, state fiscal problems, unemployment, housing policy and other economic issues. Luhby previously covered personal finance for Newsday and banking for Crain's New York Business.

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