A line chart spanning January 2007 through October 2025 compares year-on-year percentage income growth (3-month moving average) for three income groups: those earning less than $55,000 per year, those earning between $55,000 and $102,000 per year, and those earning more than $102,000 per year. Two vertical bands indicate recession periods, one from January 2008 to June 2009 and one from March to April 2020. The income growth rate starts near 4% for all three groups in early 2007. Each group’s income growth rate declined around the recessions, then rebounded. Since about 2012, the income growth rate for the group earning less than $55,000 has been the highest, spiking to a high of around 8% in early 2022. The other two income groups—those earning between $55,000 and $102,000 and those earning more than $102,000—have seen more muted growth, with the income growth rate holding steady around 3% for much of the 2010s before climbing to the 3%–4% range after the 2020 recession. All three income groups have seen a decline in the income growth rate beginning in mid-2023, though the group earning less than $55,000 has seen an increase over the past year.