A Closer Look at the Post-Recession Data
Let’s take a closer look at the monthly data since the end of the Great Recession. The chart below highlights the real monthly median value percent change since 2007. For the past six months, the real median monthly income has been above where it was in June 2009, the month the economic recovery began.
As the excellent data from Sentier Research makes clear, the mainstream U.S. household was struggling before the Great Recession. At this point, real household incomes are about where they were during the middle of the Great Recession.
We’ll close this update with another look at real growth since the turn of the century, highlighting the actual monthly data points and adding a three-month moving average. The MA trend has been slowly zigzagging higher since the trough in 2011, which illustrates Gordon Green’s observations in the latest press release.
The latest monthly data point is 0.3% below the January 2000 level. The 3-month moving average is likewise 0.3% below the January 2000 benchmark.
Check back next month for another update.
This article is brought to you courtesy of Doug Short from Advisor Perspectives.