[Mase]

Most of that increase is built upon unsustainable debt spending, as credit card debt and bankruptcies have been rising in parallel with that "increase".

Then put that MBA to use and tell us how it is then that our household net worth is $51 trillion, which is double what it was just a decade ago.

Federal Reserve: Flow of Funds (Page 110)

[jb6]

$51 trillion net worth sounds impressive, till you subtract the $40 trillion national debt. Of that debt 27 trillion was added in the past 15 years, yup, the years of Free Trade, NAFTA, WTO, etc.

Guess where all those "Free Trade" jobs are growing in our economy, yup, GOVERNMENT aka Socialism is the number one employer.

[jb6]

The simple fact is that the average wage earner is earning less. If wealth is being added to or maintained, its because both spouses are now working.

As I was saying, our debt is through the roof. That's how we're "rich" in crap that we can't afford.

Note that while the income growth has stagnated from 1979 to 2003, the number of mothers working has sky rocketed in the same time period. So, it now takes both parents working to keep even a bit ahead.