Real Median Household Income Rises To $59,345, Barely Beating 2002 and 2008 Levels (No Real Growth For Households)
According to Sentier Research, Median Household Income for May 2017 rose to $59,345. This figure exceed the previous highs of 2002 and 2008.
What is remarkable about these figures is that real median household income in the US has not risen since 2002.
Yet home prices rose dramatically in the 2000s only to collapse. Home prices are rising again (with the FHFA Purchase-only home price index now exceeding the 2007 bubble highs).
No real median household income growth since 2002 yet home prices at rising at around 4% YoY in real terms.