Median Household Incomes: A Weak Start for 2013

Overview: The Sentier Research monthly median household income data series is now available for January. Nominal median household incomes rose 0.4% month-over-month, and 3.3% year-over-year. But adjusted for inflation, real growth was 0.09% MoM and 1.7% YoY.


 

The traditional source of household income data is the Census Bureau, which publishes annual household income data each September for the previous year.

Sentier Research, an organization that focuses on income and demographics, offers a more up-to-date glimpse of household incomes by accessing the Census Bureau data and publishing monthly updates. Sentier Research has now released its most recent update, data through January (availablehere as a PDF file). The data in their report differs from the Census Bureau’s data in three key respects:

 

  1. It is a monthly rather than annual series, which gives a more granular view of trends.
  2. Their numbers are more current, the latest through December 2012. In September the Census Bureau released the 2011 annual numbers (going on nine months into the next year).
  3. Sentier Research uses the more familiar Consumer Price Index (CPI) for the inflation adjustment. The Census Bureau uses the little-known CPI-U-RS (RS stands for “research series”) as the deflator for their annual data. For more on that topic, see this commentary...MORE



Categories: Financial News

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: