Posted on 09/13/2012 8:48:56 AM PDT by MNJohnnie
The median income of American households dropped to its lowest level since 1995 last year, extending its decline during President Barack Obama’s tenure and highlighting the depth of the damage to the middle class inflicted by the recession and weak recovery.
According to annual data from the Census Bureau, median income adjusted for inflation – a closely watched measure of the financial health of average Americans – fell to $50,054 in 2011, or 1.5 per cent below its 2010 level and 4.1 per cent below its score when Mr Obama took office in 2009.
(Excerpt) Read more at ft.com ...
This needs to be mentioned by the Romney camp, every time a bit of bad economic news comes out Romney and Ryan need to get in front of a TV and mention it. It’s the ONLY way the media covers it.
And the TV as also must follow.
“4 more years of this?”
It’s what the “enlightened” people voted for.
Thank heaven for our highly educated ruling class. It takes a Harvard education to produce such a mess.
This is what liberal elitists have been striving toward ever since the industrial revolution started: a third-world economy with an upper and lower class, but no middle to threaten the aristocracy’s control.
Funny part is, they all — all those 0ccupiers and intellectual wannabes — think they’ll be part of the aristocracy.
The sad thing is if you look at history from Stalin to Hitler to Mao they are always the 1st killed off by the regime.
And once the Bush tax cuts are allowed to expire in January 2013 that current downward plunge is going to go near vertical.
Yep.
your income only matters as it relates to what you can buy wit it... your buying power
to measure your buying power, convert dollars to ounces of gold.
you’ll be STUNNED exactly how much your salary has lost (hint: it’s about 84% since 2000)
When our workers get down to ‘coolie’ wages then our jobs will come back.
Now HOW do we get the graph and data showing us the breakdown between white and black households across the last five years.
Hummm!
No way the media will tell us.
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