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American household income fell in 2020, its first decline since 2011, Census says

American household income fell in 2020, its first decline since 2011, Census says

CBSN
Tuesday, September 14, 2021 06:20:40 PM UTC

American household income fell last year amid the economic hit of the pandemic, reflecting the first decline in median household income since the Great Recession in 2011, according to new data from the Census Bureau. 

The median household income decreased 2.9% to $67,500 between 2019 and 2020, the Census said.

The hit to the economic prospects of U.S. workers was underscored by a decline in full-time workers in 2020. The Census found that the number of people with full-time jobs plunged by 13.7 million last year. That is the biggest drop since the agency started tracking this data in 1967. 

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