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September 13, 2017

U.S. household income finally topped 1999 peak

By CHRISTOPHER RUGABER
AP Economics Writer

WASHINGTON — In a stark reminder of the damage done by the Great Recession and of the modest recovery that followed, the median American household only last year finally earned more than it did in 1999.

Incomes for a typical U.S. household, adjusted for inflation, rose 3.2 percent from 2015 to 2016 to $59,039, the Census Bureau said. The median is the point at which half the households fall below and half are above.


 
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