From the Center on Policy Initiatives
More San Diegans were working in 2017, but their earnings lost ground.
The median household income in the City of San Diego jumped to $76,662, up 5% from 2016, largely because more people per household worked. But inflation-adjusted individual earnings dropped for the third year in a row, according to analysis by the Center on Policy Initiatives (CPI) of U.S. Census Bureau data released this morning.
“The good news is households have higher incomes, but only because more family members are working,” said CPI Research Director Peter Brownell, PhD. “Wages are still lower than before the recession in real dollars. When you factor in inflation, people are still losing ground.” [Read more…]