US median income lowest since 1995 - FT.comThe 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.
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'