Median Incomes fall for first time.

[edhopper]

Crosspost from Economy Forum

From the ny Times:
http://www.nytimes.com/2008/04/09/business/09leonhardt.html?ref=business

"The bigger problem is that the now-finished boom was, for most Americans, nothing of the sort. In 2000, at the end of the previous economic expansion, the median American family made about $61,000, according to the Census Bureau’s inflation-adjusted numbers. In 2007, in what looks to have been the final year of the most recent expansion, the median family, amazingly, seems to have made less — about $60,500.
This has never happened before"

Hey Bushy, you're doing a heck of a job.




Link fixed.

[HCE SuiGeneris]

1. 6 years of price increases in all consumer goods.

Adjust that figure to reflect the $61,000 of 2000 and you have real income of about $50,000 . Thanks Bush voters for a heckuva job.

BTW, your link is non-functional.

[tabasco]

2. Who could have foreseen that trickle down economics is a sham?

[Jim__]

3. Another first for junior!

Mom and dad must be proud.