U.S. Annual Income Fell More During Recovery Than Recession: Study

'We may technically be in a recovery, but it sure doesn't feel like it.

Median annual income has declined 4.8 percent from $53,508 to $50,964 since the recovery technically began in June 2009 , according to a new study from Sentier Research. That's nearly double the 2.6 percent drop during the recession.'

U.S. Annual Income Fell More During Recovery Than Recession: Study [GRAPHS]

So average annual income has (apparently) dropped...yet the national debt has skyrocketed.

Interesting.

In fact, it has dropped more since the "recovery" began. I predict that Obama & Co. will not discuss this point during the next few months.

Strange question: does this average include people not making an income? If not then it's possible that job creation has added more individuals to account for making there a lot more people with lower salaries that would screw with the statistics. And more people making a salary at all is actually a good thing. I didn't read anything about it in the article. I just have a hunch that the statistics really aren't as surprising as you make them out to be. They probably don't go much past the surface. It's possible that this actually is significant though. If I'm missing something big, feel free to enlighten me.

frogloe said:

Strange question: does this average include people not making an income?

Click to expand...

It's household income, so at the very least it would "count" people not making income if it were a two-earner household pre-recession and a one-person household post recession.

We still haven't recovered half of the jobs that were lost. And, given the level of competition for jobs are out there, I'd bet that people who do find employment are willing to work for less.