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Thread: US Median Income Lowest Since 1995

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    US Median Income Lowest Since 1995

    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.
    US median income lowest since 1995 - FT.com

    mere confirmation of our own experience, what americans are living

    what can we expect when so many more of our neighbors, friends and family members are filing for disability and food stamps than are actually gaining employment

    what's new when four times as many of our associates and relations drop out of the work force than find a job

    when 58% of the frighteningly few of our friends who do hook up end up pulling down between $10 and $12 per hour

    CNN: Low-wage jobs explosion - Aug. 31, 2012

    when real middle class incomes are down TWICE as fast AFTER the recession officially ended than they declined DURING the deepest, darkest days of depression

    Household income fell 4.8% during economic recovery - latimes.com

    food stamps at a record hi, poverty at a record hi

    if the workforce were the same size today, even disallowing for natural population growth, as it was on jan 20, 2009, bls' unemployment # would be 11.2

    we can never hit bottom til housing, which brung us here, finds its basement

    Time: How ‘Shadow Inventory’ Is Killing the U.S. Housing Market

    3 to 10 million homes haunt the shadow inventory

    who's lying to you, time, cnn or ft?

    maybe it's sigtarp you shouldn't believe

    Bloomberg: Obama Loan-Modification Effort 'Failed Miserably'

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    Re: US Median Income Lowest Since 1995

    Bunch of lazy buggers who should get off their buts and find better work rather then look to the government to save them
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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    Re: US Median Income Lowest Since 1995

    The ironic part..most of this is the fault of the GOP and the Bush administration.. they started the slide and it is damn hard to stop such a slide...
    PeteEU

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by The Prof View Post
    US median income lowest since 1995 - FT.com

    mere confirmation of our own experience, what americans are living

    what can we expect when so many more of our neighbors, friends and family members are filing for disability and food stamps than are actually gaining employment

    what's new when four times as many of our associates and relations drop out of the work force than find a job

    when 58% of the frighteningly few of our friends who do hook up end up pulling down between $10 and $12 per hour

    CNN: Low-wage jobs explosion - Aug. 31, 2012

    when real middle class incomes are down TWICE as fast AFTER the recession officially ended than they declined DURING the deepest, darkest days of depression

    Household income fell 4.8% during economic recovery - latimes.com

    food stamps at a record hi, poverty at a record hi

    if the workforce were the same size today, even disallowing for natural population growth, as it was on jan 20, 2009, bls' unemployment # would be 11.2

    we can never hit bottom til housing, which brung us here, finds its basement

    Time: How ‘Shadow Inventory’ Is Killing the U.S. Housing Market

    3 to 10 million homes haunt the shadow inventory

    who's lying to you, time, cnn or ft?

    maybe it's sigtarp you shouldn't believe

    Bloomberg: Obama Loan-Modification Effort 'Failed Miserably'
    4 More Years!!!

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    Outer space potato man

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    Re: US Median Income Lowest Since 1995

    Economic woes decades in the making, but it's all Obama's fault!
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: US Median Income Lowest Since 1995

    Tax cuts for the rich! Program cuts for the ex-middle class! Mitt Romney to the rescue!

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by PeteEU View Post
    The ironic part..most of this is the fault of the GOP and the Bush administration.. they started the slide and it is damn hard to stop such a slide...
    That took a lot longer than normal.

    The blame bush people are getting slow on the trigger.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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    Re: US Median Income Lowest Since 1995

    Whereas the "It's not all Bush's fault" people have been slow all along. Bush is already ranked as among the worst Presidents in US history, and as time passes, that rating will only worsen. Eight years of miserable disgrace and failure. An indefensible record of utter malfeasance that will haunt us for decades.

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    Re: US Median Income Lowest Since 1995

    Quote Originally Posted by Cardinal Fang View Post
    Eight years of miserable disgrace and failure. An indefensible record of utter malfeasance that will haunt us for decades.
    Go ahead man, let that partisanship out fully. Don't hold back.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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    Re: US Median Income Lowest Since 1995

    "what's new when four times as many of our associates and relations drop out of the work force than find a job" ...

    Ahem! ... This is a REPUBLICAN "talking point" ... Actually, approximately, 10,000 Baby Boomers are retiring EVERY DAY ... That's about 300,000 per month of the approximately 400,000 who "drop out" ... IF you believe what the Republicans are trying to SELL ... YOU are not READING FOR UNDERSTANDING ...

    As for the level of poverty and homelessness in America today ... THAT has been developing for YEARS! ... The DISPARITY in income accelerated under the Bush Administration ... and IF allowed to do so again, the Republicans will exascerbate that SAD statistic ...

    The Middle Class DESERVES better and President Obama IS a champion of the Middle Class ... I have watched him since he won the Democratic nomination and although I supported then Senator Hillary Clinton, I have come to UNDERSTAND and TRULY APPRECIATE OUR great President! ...

    Some of our fellow citizens NEED to learn GRATITUDE ... We were SAVED from another GREAT DEPRESSION ... We did however experience a GREAT RECESSION, the WORST since the GREAT DEPRESSION ... We should ALL feel a GREAT DEAL OF GRATITUDE to President Obama and his Administration for delivering us ALL from the BRINK ... which the Republicans left us with ... OPEN YOUR EYES, PLEASE! ...

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