U.S. Incomes Fell More in Recovery, Sentier Says - Bloomberg
Quote:
American incomes declined more in the three-year expansion that started in June 2009 than during the longest recession since the Great Depression, according an analysis of U.S. Census Bureau data by Sentier Research LLC.
“Almost every group is worse off than it was three years ago, and some groups had very large declines in income,” Green, who previously directed work on the Census Bureau’s income and poverty statistics program, said in a phone interview today.
|
Another brilliant record from the obama administration. Record poverty, food stamps, falling income, joblessness...I could go on.
What a disaster, what a terrible terrible mistake for this country.
Those near retirement got hit big time.
http://economix.blogs.nytimes.com/20...retirement/?hp
Quote:
Americans nearing retirement age have suffered disproportionately after the financial crisis: along with the declining value of their homes, which were intended to cushion their final years, their incomes have fallen sharply.
Across the country, in almost every demographic, Americans earn less today than they did in June 2009, when the recovery technically started.
|
The obama Wreckovery - full speed ahead...over the cliff.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
