Black Hills Knowledge Netowork

Households headed by someone 25 or younger is back to pre-recession levels.
Households headed by someone 25 or younger is back to pre-recession levels.
Black Hills Knowledge Network chart
October 21, 2014

Income Bounces Back For Under 25 Set in SD

Households headed by someone under 25 have seen income return to pre-recession levels after dropping off significantly, especially in 2011.

Newly available federal data shows that, in 2013 dollars, these young households took in $31,000 per year in 2008. That income level dropped to less than $26,000 in 2009 and then to $22,000 in 2011. Those incomes came back to more than $27,000 in 2012 and more than $32,000 in 2013, the most recent year for which data is available.

The upward trend has not extended to older households, with those headed by someone age 25-44 ticking down slightly since the recession, to a bit more than $52,000 in 2013, and those headed by someone age 45- 64 stagnant, at about $60,000 annually.

See more information about household incomes on the Black Hills Knowledge Network.

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