Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
So things are getting better, aye?
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="DPI" data-source="post: 1907586" data-attributes="member: 793"><p>According to the current administration, things are just peachy. And there are people who actually want four more years of this.</p><p></p><p><strong><u>Median Income Worse Now Than It Was During Great Recession</u></strong></p><p></p><p><a href="http://washington.cbslocal.com/2012/09/18/report-median-income-worse-now-than-it-was-during-great-recession/" target="_blank">http://washington.cbslocal.com/2012/09/18/report-median-income-worse-now-than-it-was-during-great-recession/</a></p><p></p><p>WASHINGTON (CBSDC) A new report put out by the Pew Research Center finds that the median income is worse now than it was during the Great Recession.</p><p></p><p>According to Pew, the Census Bureau showed that the median income for American households in 2009 the official end of the Great Recession was $52,195 (in 2011 dollars), while the median income dipped to $50,054 last year, falling 4.1 percent over two years.</p><p></p><p>The decrease in household income from 2009 to 2011 almost exactly equaled the decrease in income in the two years of the recession, the Pew report stated. During the Great Recession, the median U.S. household income (in 2011 dollars) dropped from $54,489 in 2007 to $52,195 in 2009, a loss of 4.2 percent. By this yardstick, the recovery from the Great Recession is bypassing the nations households.</p><p></p><p>The Pew report added that the recovery is the most negative for household income during any post-recession period in the past four decades, which means that the median household income has not risen above a previous peak over the past 12 years.</p><p></p><p>The poverty rate rose from 12.5 percent in 2007 to 15 percent last year as the median household wealth fell by 39 percent over a three-year span, from $131,016 in 2007 to $79,431 in 2010.</p><p></p><p>[T]he economic health of American families deteriorated further in the first two years of the recovery from the Great Recession, the Pew report explains. Much like an unwelcome dinner guest who does not know when it is time to leave, the Great Recession seems blissfully unaware that it was declared over in June 2009.</p><p></p><p>In an effort to stimulate the economy. Federal Reserve Chairman Ben Bernanke outlined plans last week to spend $40 billion a month to buy mortgage bonds and keep short-term interest rates at record lows through mid-2015.</p></blockquote><p></p>
[QUOTE="DPI, post: 1907586, member: 793"] According to the current administration, things are just peachy. And there are people who actually want four more years of this. [B][U]Median Income Worse Now Than It Was During Great Recession[/U][/B] [url]http://washington.cbslocal.com/2012/09/18/report-median-income-worse-now-than-it-was-during-great-recession/[/url] WASHINGTON (CBSDC) A new report put out by the Pew Research Center finds that the median income is worse now than it was during the Great Recession. According to Pew, the Census Bureau showed that the median income for American households in 2009 the official end of the Great Recession was $52,195 (in 2011 dollars), while the median income dipped to $50,054 last year, falling 4.1 percent over two years. The decrease in household income from 2009 to 2011 almost exactly equaled the decrease in income in the two years of the recession, the Pew report stated. During the Great Recession, the median U.S. household income (in 2011 dollars) dropped from $54,489 in 2007 to $52,195 in 2009, a loss of 4.2 percent. By this yardstick, the recovery from the Great Recession is bypassing the nations households. The Pew report added that the recovery is the most negative for household income during any post-recession period in the past four decades, which means that the median household income has not risen above a previous peak over the past 12 years. The poverty rate rose from 12.5 percent in 2007 to 15 percent last year as the median household wealth fell by 39 percent over a three-year span, from $131,016 in 2007 to $79,431 in 2010. [T]he economic health of American families deteriorated further in the first two years of the recovery from the Great Recession, the Pew report explains. Much like an unwelcome dinner guest who does not know when it is time to leave, the Great Recession seems blissfully unaware that it was declared over in June 2009. In an effort to stimulate the economy. Federal Reserve Chairman Ben Bernanke outlined plans last week to spend $40 billion a month to buy mortgage bonds and keep short-term interest rates at record lows through mid-2015. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
So things are getting better, aye?
Search titles only
By:
Top
Bottom