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Thread: Household Incomes Fall In August, Off 8.2% Under Obama

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    Household Incomes Fall In August, Off 8.2% Under Obama

    In another sign that the economic recovery under President Obama is not producing gains for average Americans, median household incomes fell 1.1% in August to $50,678, according to a report released Tuesday by Sentier Research.

    Since the economic recovery started in June 2009, household incomes are down 5.7%, the Sentier data show, and they are down more than 8% since Obama took office.

    Earlier this month, the Census Bureau released its annual report showing that the number of people in poverty was nearly 3 million higher in 2011 than in 2009, an increase of 6%.

    Meanwhile, another report released Tuesday finds that per-capita health costs jumped 4.6% last year, marking a turnaround from previous years, which had seen annual cost increases moderating.

    And a report from the Centers for Disease Control and Prevention released this month found that the number of uninsured climbed 1 million in the first three months of 2012 compared with last year.

    The number of people on food stamps is up more than 220,000 in the first half of this year and up almost 12 million — or 34% — from June 2009 to June 2012.

    The number of people in the labor force has fallen more than half a million in the past two months, with the participation rate down to 63.5%, a rate not seen in the past 30 years, according to the Bureau of Labor Statistics.

    Almost 83,000 signed up for federal disability benefits in September, and more than 736,000 have joined in the first nine months of this year, according to the Social Security Administration. That's a higher enrollment rate than the first nine months of the Obama presidency.
    Household Incomes Fall In August, Down 8.2% Under Obama - IBD

    things are getting worse---fast

    no wonder:

    HuffPo: Obama Advisers Don't Say Yes When Asked If People Are Better Off

    NationalJournal - DGA O'Malley: We're Not Better Off Now - Sunday, September 2, 2012
    Last edited by The Prof; 09-26-12 at 09:31 PM.

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