The Homa Files

Based on Census data released by the Department of Commerce
August 27, 2008:

Between 2006 and 2007, real median household income rose 1.3 percent, from $49,568 to $50,233 —a level not statistically different from the 1999 pre-recession income peak.

This was the third annual increase in real median household income.

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Income inequality decreased between 2006 and 2007, as measured
by the shares of aggregate household income by quintiles.

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Published in  “Income, Poverty, and Health Insurance Coverage in the United States: 2007”, U.S. Department of Commerce, Economics and Statistics Administration

Full report:
http://www.census.gov/prod/2008pubs/p60-235.pdf

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Note: The analysis I posted earlier today — showing that after-tax median household income increased from Clinton to Bush –was based on 2006 data.  I’ll post the 2000 to 2007 after-tax analysis in the next couple of days

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