Median household income up

Discussion in 'Economy' started by Truthmatters, Feb 11, 2012.

  1. Truthmatters
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    Truthmatters BANNED

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    ECONOMY: U.S. median household income up 4% at end of 2011 | The Daily Times | delmarvanow.com


    After falling steadily since the recession began four years ago, household income appeared to turn the corner by rising sharply the last four months of 2011.

    Inflation-adjusted median household income increased 4%, from $49,434 to $51,413, from August to December, according to a study released Thursday by Sentier Research. That's the biggest jump since the start of the recession in December 2007, according to an analysis of Labor Department data by the economic research firm.

    The rise coincides with stronger job growth, modest wage increases, a longer workweek and easing inflation. "We seem to have had a turning point," says Gordon Green, co-author of the report and a former economist at the U.S. Census Bureau.
     
    Last edited: Feb 11, 2012
  2. MeBelle
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    MeBelle Mebellien Mothership © Supporting Member

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    That's excellent!
    The price of groceries for my family have gone up about 10%.
    Gas is rising.
    I got the highest ever gas and electric bill for the month of January and I run a tight ship.
    I guess that means I'm only 6% in the hole for groceries alone.
     
  3. itfitzme
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    itfitzme VIP Member

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    Yeah, what's up with that? I gotta wonder if it's squeezing down prices in other stuff like BlockBuster prices.
     
  4. syrenn
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    syrenn BANNED

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    Idiot.
     
  5. FuelRod
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    FuelRod Gold Member

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    Apparently the Republican Congress is accomplishing something.
     
  6. percysunshine
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    percysunshine Gold Member

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    Heck, when you print a couple trillion dollars and start flinging it all over the place... it ends up somewhere.
     
  7. Baruch Menachem
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    Baruch Menachem '

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    Good news is always great.

    It does seem a case of too little, too late. It is like the Orchestra conductor on the Titanic seeing the smoke from the Carpathia as the last of the music stands sank beneath the waves.

    Your history TM, is rather like the Wolf who kept crying "Shepherd!" The rest of us will believe it when we see it.
     
  8. Trajan
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    Trajan conscientia mille testes

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    well lets see, as of sept 2011 it was down 2.3%

    http://www.usatoday.com/news/nation/story/2011-09-13/census-household-income/50383882/1


    .....so lets see........4-2.3 = *scribble scribble*, take my shoes off 1, 2, 5, 8...*scribble scribble*and ......we are ahead 1.7%:eek:...yea baby, winter of recovvvvvvvery....sweet!!!
     
  9. coleenbeauty
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    coleenbeauty BANNED

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    The U.S. Census recently released its annual report on household income, according to CNN, and median income has fallen, though only just. Part of the problem is down to declining wages, as overall wages have declined 8.1 percent since 2007 and 8.9 percent since 1999, adjusted for inflation, the peak year for wages historically, as a smaller payday has partially come to be the norm.

    Census finds median income declined as did poverty
     
  10. Annie
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    Annie Diamond Member

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    US incomes fall to 1989 levels. How did that happen? - CSMonitor.com

     

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