"Blacks, young and upper-middle-aged people, and the unemployed"

[cthulu2016]

Jeopardy answer: Who is getting their ass kicked the hardest by the 'recovery'?

[font color=green]Stats note: The value of median versus mean is that if the richest person in America makes even more it doesn't raise the median. (Same for the poorest person making less, of course.) In mean average terms, if you are making $2,000 less than when the recession ended but some other guy is making $10,000,000 more then you and he are experiencing an incredible recovery, on average, each of you making an average of about $5 million dollars more every year. And you will be perplexed when told how great you are doing.[/font color]

Report: Household income below end-of-recession

The average American household is earning less than when the Great Recession ended four years ago, according to a report released Wednesday.

U.S. median household income, once adjusted for inflation, has fallen 4.4 percent in that time, according to the report from Sentier Research. The report is based on an analysis of Census Bureau data.

The median, or midpoint, income in June 2013 was $52,098. That's down from $54,478 in June 2009, when the recession officially ended. And it's below the $55,480 that the median household took in when the recession began in December 2007.

The report says nearly every group is worse off than four years ago, except for those 65 to 74. Some groups have experienced larger-than-average declines, including blacks, young and upper-middle-aged people, and the unemployed.

http://www.cnbc.com/id/100980411

[leveymg]

1. Just because the Dow is over 15K doesn't mean the Great Recession is over,

in fact, most people who have reason to worry about such things are poorer than they were four years ago, (and now four years older).

[Vanje]

2. Rec and kick. (also hosed, and thoroughly Unimpressed by the "recovery")

[Skittles]

3. gee, looks like the 1% have done very, very well