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:
- It is a monthly rather than annual series, which gives a more granular view of trends.
- 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).
- 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