Yikes! Over the 2007–10 period, the median value of real (inflation-adjusted) familyincome before taxes fell 7.7 percent; median income had also fallen slightly in the preceding three-year period (figure 1). This according to The Federal Reserve Board’s Survey of Consumer Finances (SCF) for 2010 which provides insights into changes in family income and net worth since the 2007 survey.
The decline in median income was widespread across demographic groups, with only a few groups experiencing stable or rising incomes. Most noticeably, median incomes moved higher for retirees and other nonworking families. The decline in median income was most pronounced among more highly educated families, families
headed by persons aged less than 55, and families living in the South and West regions.
Read more here: Federal Reserve Board’s Survey of Consumer Finances for 2010