American household incomes reach a high point — here’s what it means
According to an important indicator of U.S. household incomes, Americans are now earning more than they did 17 years ago, the last time incomes reached a high.
What does that mean?
According to the U.S. Census Bureau, the median household income in the U.S. increased to $59,039, a level that finally surpassed the last high point in 1999 (when adjusted for inflation).
That means that Americans are earning more on average than they have since the turn of the millennium.
Who benefits the most?
The economic growth was seen mostly in cities and urban regions of the country….