2005 Incomes, on Average, Still Below 2000 Peak
DAVID CAY JOHNSTON | August 21, 2007
Americans earned a smaller average income in 2005 than in 2000, the fifth consecutive year that they had to make ends meet with less money than at the peak of the last economic expansion, new government data shows.While incomes have been on the rise since 2002, the average income in 2005 was $55,238, still nearly 1 percent less than the $55,714 in 2000, after adjusting for inflation, analysis of new tax statistics show.
...Nearly half of Americans reported incomes of less than $30,000, and two-thirds make less than $50,000.
That goes back to the one thread a while back where asked if the status quo didn’t change, would we make it, and I said ‘not a chance’. Knowledge is powerful, it...at times can be disappointing. I see most waking up after the storm unfortunately.