Household income is below recession levels, report says .

Green (Photo credit: Temily)

Consumers' incomes have recovered about a quarter of the ground they lost during the recession and its aftermath, but progress has stalled in recent months, a new report says. Median household incomes, before taxes and adjusted for inflation, have risen 2.2% in the last year through June, according to Sentier Research, a consulting firm founded by Census Bureau researchers. They remain 7.2% below where they were in December 2007 — the start of the recession — and 4.8% below when the recession ended in June 2009, Sentier reported.
The recent improvement was concentrated in late 2011, but the median has slipped slightly this year, in part because of inflation, Sentier partner Gordon Green said. "Inflation is a big player now" in future household budgets, Green said. "Incomes have flattened out, and gas prices are going up again." ... Continue to read.

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