Are you better off than you were three years ago? Probably not, according to a study from...


Are you better off than you were three years ago? Probably not, according to a study from Sentier Research, which says that median household income fell 4.8% to $50,964 since the recession ended in June 2009. That's greater than the 2.6% decline during the downturn itself, which lasted for 18 months. And since December 2007, household income is down 7.2%.

Comments (6)
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
     
    So the "recovery" has actually been worse for American households than the "recession" was? Sounds like the "recovery" only exists in the alternate universe of Obama re-election ads and in the minds of economists who haven't gotten a whiff of the real world for years, if ever.
    24 Aug 2012, 05:52 AM Reply Like
  • mweaver
    , contributor
    Comments (199) | Send Message
     
    academics/economists are
    tenured. right or wrong on
    their "calls" on the economy,
    they get paid every 15th and
    30th. oh, did i include fed govt
    officials?
    24 Aug 2012, 05:57 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    Well if you are an Obama fan and you only had three different welfare programs...now you have 30 different welfare programs to sign up for...nd extended no less.....so to them....they think he is great...Reparations...... on
    24 Aug 2012, 07:01 AM Reply Like
  • berbno1
    , contributor
    Comments (1570) | Send Message
     
    depends what you mean by "welfare programs " Saw that top 5% actually had increase and SA is full of articles of corps sitting on piles of cash and paying little or no taxes. It should be no surprise that the poor state of the economy is (or trying to be) the main issue for this election...after all- sabbataging the recovery was the only GOP stated goal after the 2010 election. Could be interesting to see how election comes out with ballots not having NO or AGAINST on the ballot
    24 Aug 2012, 07:43 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    "after all- sabotaging the recovery was the only GOP stated goal "...how can you say that when you have the Presidency...and you have the Senate...and two years ago you had the Congress too.....Its Democratic policies of new rules , regulations, programs, taxes, fees, whatever that are stopping this economy..who wants to spend money here when the growth is outside the country....that is why companies have cash...so they can expand elsewhere..Educate yourself..check on tupperware and see where they do their business now....if you think its the Republicans stopping this recovery..ask Harry Reid why he has never put up a budget...never let it go to a vote..why???? How can you run a country without a budget..??? Don´t vote please...don´t destroy this country
    24 Aug 2012, 08:49 AM Reply Like
  • kmi
    , contributor
    Comments (4587) | Send Message
     
    Clearly the tax code needs to be adjusted to benefit the middle class, and thus boost median household income.
    24 Aug 2012, 12:02 PM Reply Like
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