The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on September 17, 2013, 08:26:24 pm
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http://www.breitbart.com/Big-Government/2013/09/17/Census-Typical-Family-Makes-Less-Than-It-Did-In-1989 (http://www.breitbart.com/Big-Government/2013/09/17/Census-Typical-Family-Makes-Less-Than-It-Did-In-1989)
(http://cdn.breitbart.com/mediaserver/Breitbart/Big-Government/2013/Barack%20and%20Michelle/barack_obama_toast_AP.jpg)
by Wynton Hall 17 Sep 2013, 10:51 AM PDT
A Census Bureau report released on Tuesday reveals that the typical American family now earns less than it did in 1989. In 1989, median household income was $51,681 (in current dollars). In 2012, median household income was $51,017.
(http://www.washingtonpost.com/blogs/wonkblog/files/2013/09/MedianHouseholdIncome.png)
Photo source: The Washington Post
Poverty levels in 2012 also climbed to 46.5 million Americans--15% of the country--from 46.2 million in 2011.
As Washington Post economics writer Neil Irwin put it, "This isn't a lost decade for economic gains for Americans. It is a lost generation."
video at link
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Yep.......