Seeking Alpha

Americans still worse off than they were four years ago

  • Median household income was $52,100 in June, 6.1% below its level in December 2007, when the economic slump began, a report from two former Census Bureau officials shows.
  • The figure is also 4.4% below the amount in June 2009, when the recession ended.
  • "Groups with low incomes tended to have steeper declines in income," Gordon Green, one of the authors of the report.
  • The only group in the study that have enjoyed an increase in income since the end of the slump are households headed by people aged 65-74.
Comments (2)
  • jason2713
    , contributor
    Comments (32) | Send Message
     
    Can we poll bankers, hedge fund managers, corporate executives, and the rich in general to see how they faired?
    22 Aug 2013, 09:19 AM Reply Like
  • AdamDivy
    , contributor
    Comments (417) | Send Message
     
    That would be an interesting poll, jason.

     

    I'm sure most are better off.
    22 Aug 2013, 11:03 AM Reply Like
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