Report: US household income below end-of-recession
Source: AP-Excite
WASHINGTON (AP) - 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.
Read more: http://apnews.excite.com/article/20130821/DA8AJ3I82.html
Rebellious Republican
(5,029 posts)The recession is over? When will I notice, another four fucking years. Glad to to hear it, now I know how to budget what I do not have.
Marrah_G
(28,581 posts)Rebellious Republican
(5,029 posts)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". I forgot the sarcasm thing.
BeyondGeography
(39,374 posts)MannyGoldstein
(34,589 posts)Imagine how bad it would be if we were?
kestrel91316
(51,666 posts)I guess that's the case if you're a 1%er. The rest of us are just chopped liver.
cstanleytech
(26,291 posts)arent treating their workers good by giving them raises in their pay.
Want to bet that most of the companies guilty of that are retail and or the service industry related?