Personal Finance

August 21, 2013 4:33 PM

U.S. median income rises but is still 6 percent below its 2007 level

Median household income has begun to recover the past two years, but households still have not come close to regaining the buying power they had before the financial crisis began, a new study says. The study, issued by two former Census Bureau officials, suggests why many people remain glum even though the economy is growing and unemployment has declined.

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