daveman
Diamond Member
Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
New estimates derived from the Census Bureau's Current Population Survey by Sentier Research indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession. During the recession, the median American household income fell by $1,002 (from $55,480 to $54,478). During the recoverythat is, from the officially defined end of the recession (in June 2009) to the most recent month for which figures are available (June 2013)the median American household income has fallen by $2,380 (from $54,478 to $52,098). So the typical American household is making almost $2,400 less per year (in constant 2013 dollars) than it was four years ago, when the Obama "recovery" began.
Gobama!