- Race, age, and geographic location all factor into how badly households have been hit by post-recession money woes
- Only householders aged 65-74 saw an increase in average income
PUBLISHED: 16:04 EST, 22 August 2013 | UPDATED: 16:25 EST, 22 August 2013
The average household is earning less than when the Great Recession ended four years ago and some Americans are affected even more than others.
U.S. median household income, once adjusted for inflation, has fallen 4.4 percent since the official end of the recession, according to Census Bureau statistics.
Specific groups such as blacks, the young, and the upper-middle-aged have experienced even larger than average drops in income.
Money woes: The Great Recession may be over, but a new study says average American household income has dropped since the end of the recession
Younger people and those aged between 55…
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