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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.

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

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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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  • Who's got the money?

    Who makes the big bucks in America?

    Middle-aged white couples.

    We all know that income is concentrated in the United States, but Sentier Research has crunched the data to show just who has the money.

    Take a look at the breakdown by race:

    White households have an aggregate income of $6.2 trillion, while Hispanics have an aggregate income of $710 billion and blacks $641 billion. Asians, meanwhile, have $419 billion.

    To be sure, there are MORE

    - May 31, 2012 2:00 PM ET
  • Economy improves...incomes don't

    Even though the national economy is on the upswing, many Americans haven't been reaping the benefits.

    In fact, the median household income in January was $50,020, or 5.4% lower than it was in June 2009, the beginning of the economic recovery, according to a new estimate from Sentier Research, based on Census data.

    This decline in income comes despite improvements in the job market. The unemployment rate stood to 8.3% in January, MORE

    - Mar 6, 2012 12:16 PM ET
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