Household Income Took a Bad Hit During Financial Crisis

Income

The median household income in the United States took a pretty hefty hit following the self-induced collapse of high finance. While banks were bailed out with federal funds the median household income sank from 57.4K in 2007 to 52.6K in 2012. However, it has been on the path of recovery since. This chart of course doesn't show the overall equality of distribution.

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This chart shows the real median household income in the United States (in U.S. dollars)

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U.S. median household income 1990-2023

U.S. median household income 2023, by state

U.S. household income distribution 2023

U.S. household income lowest quintile versus top five percent 2023

U.S household income shares of quintiles 1970-2023

U.S. household income percentage distribution 2023, by race and ethnicity

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Household Income Took a Bad Hit During Financial Crisis

Income