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Name:
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MartiniMan
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Subject:
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Census Bureau Report on Income, etc.
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Date:
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9/23/2015 4:05:58 PM (updated 9/23/2015 4:09:07 PM)
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Here are some additional details from the report.
"Many households have still not regained the purchasing power they had before the recession that began in December 2007. Median household income was 6.5 percent lower in 2014 than in 2007, the bureau said. The number of households with income above the median is the same as the number below it."
“Despite decent employment growth in 2014, the persistent high unemployment yielded no improvements in wages and no improvement in the median incomes of working-age households or any reduction in poverty,” said Lawrence Mishel, president of the Economic Policy Institute, a liberal research group influential with Democrats in Congress. Continue reading the main story Drop in Uninsured Percentage of Americans who are uninsured, by age. Nationwide, the average dropped to 10.4 percent in 2014. 30% 2013 20 2014 10 Age 18 1 65+ –1.3 –4.2 –0.1 Average change in three age brackets, in percentage points Source: Census Bureau By The New York Times “Anyone wondering why people in this country are feeling so ornery need look no further than this report,” Mr. Mishel continued. “Wages have been broadly stagnant for a dozen years, and median household income peaked in 1999.”
This from the NY Times of all places and doesnt take into account inflation during that period which was farly low because of the weak recovery. Interestingly, the article mostly focuses on gains in those being covered by health insurance. Well duh, it is now mandated by law or you pay a fine....oh, I'm sorry Justice Roberts, a tax. Yep, this is good news to left wing nuts. No improvement and no better than before the recession began.....such low expectations. And they refuse to tell us why........hmmmmm
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