Is Your Income Keeping Pace With the Average American?
Knowing how average American income is changing over time isn't going to solve your financial worries, but it can help inform your choices. If you want to know how your income stacks up so that you can lobby your boss for a raise or you're just curious if your income is growing faster or slower than your neighbor's, read on.
The latest figures from the Federal Reserve's triennial consumer-finance survey show that between 2013 to 2016, median family income increased 10% and average family income increased 14%.
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Source: Fool.com
