U.S. Median Household Income Rose To Record High In 2018 - munKNEE.com
Sunday , 7 March 2021

U.S. Median Household Income Rose To Record High In 2018

“2018 to date has seen a remarkably strong growth trend in median household income in the U.S….setting new record highs in each of the last eleven months in both nominal and inflation-adjusted terms.”

Prepared by Lorimer Wilson, editor of munKNEE.com – Your KEY To Making Money! 

[Editor’s Note: This version* of the original article by Ironman has been edited ([ ]), restructured and abridged (…) by 51% for a FASTER – and easier – read. Please note: This complete paragraph must be included in any re-posting to avoid copyright infringement.]

“Median household income in the United States rose to $63,554 in November 2018, a 0.5% increase over the Sentier Research’s estimate of $63,220 for October 2018.

The following chart shows the nominal (red) and inflation-adjusted (blue) trends for median household income in the United States from January 2000 through November 2018. The inflation-adjusted figures are presented in terms of constant November 2018 U.S. dollars.

(Click on image to enlarge)

Median Household Income in the 21st Century: Nominal and Real Estimates, January 2000 to November 2018

[However,] November 2018 saw the year-over-year growth rate of nominal median household income in the U.S. tick down from October 2018’s record high value for the monthly data series, which extends back to January 2001.

(Click on image to enlarge)

Median Household Income in the 21st Century: Year Over Year Growth Rate, January 2001 to October 2018

Overall, with just December 2018’s data left to be processed to close out the year, it appears that 2018 is set to become one of the best years ever for income gains for typical American households.”

(*The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.)

For the latest – and most informative – financial articles sign up (in the top right corner) for your FREE bi-weekly Market Intelligence Report newsletter (see sample here).

Scroll to very bottom of page & add your comments on this article. We want to share what you have to say!

If you enjoyed reading the above article please hit the “Like” button, and if you’d like to be notified of future articles, hit that “Follow” link.

Want your very own financial site? munKNEE.com is being GIVEN away – Check it out!

A note from Lorimer Wilson, owner/editor of munKNEE.com – Your KEY to Making Money!:
“Illness necessitates that I spend less time on this unique & successful site so:
  1. if you’re interested in exploring the opportunity of taking the site to the next level as associate editor/webmaster
  2. and being rewarded with full ownership – at absolutely no cost to you – at the end of the second year of involvement
  3. please indicate your interest in the Comment section below
  4. and I will get in touch with you.”