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September 11, 2019

Household income matches 1999 peak

WASHINGTON (AP) — Income for the median U.S. household last year finally matched its previous peak set in 1999 after growing at the slowest annual pace since 2014.

Government figures show that after more than a decade of economic growth — the longest expansion on record — Americans are earning no more than they did two decades ago once inflation is taken into account.

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