In September, the US Census Bureau released the income, poverty and health insurance coverage data for 2015.
Overall, the results were encouraging with increased median income, decreased poverty and increased health insurance coverage. In fact, 2015 marks the first annual increase in median household income for family households since 2007.
The median household income for 2015 is up 5.2% from 2014 whereas the mean (average) household income is up 4.5%, meaning the income gains within the middle class were greater than for the nation as a whole. According to Census officials, the national pay hike is due to the big increase in employment with 2.4 million more Americans working full-time, year-round in 2015.
The national recovery is not complete, however, as the increased median is still 1.6% lower than in 2007, the year before the most recent recession, and 2.4% lower than the peak that occurred in 1999. There were also unequal gains in median income across regions, with the greatest increases from 2014 in the West (6.4%) and Midwest (5.1%), followed by the Northeast (4.9%) and the South (2.9%).
The full US Census Bureau report on household income can be found here.
If you wish to compare, the Copier Careers® Salary Surveys for Technicians, Sales Managers and Service and Operations Managers offer a snapshot of individual earnings specifically within the Copier Channel in 2015. The fourth Salary Survey covering the income of Sales Representatives will be released this December.