Posted on 09/12/2012 6:44:33 PM PDT by nuconvert
A Census report signals that for much of America, the economic downturn has produced not one lost decade but two. But the data also show that federal safety-net programs helped keep people out of poverty.
The typical US household saw its income fall last year to 1989 levels.
That news, contained in a US Census Bureau survey released Wednesday, points to difficult questions of how the US can get back on a track of job growth and rising prosperity.
(Excerpt) Read more at news.yahoo.com ...
Adjusted for inflation cars have not really gone up that much. I am surprised too. Plus the 1989 Mustang is not near as good technology wise as a 2012.
Come on. Have ya seen private sector wages? We're talking tens years of late 1980s wages as prices of nearly everything launched.
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