January 31, 2015

The real economy

Washington's Blog

After adjusting for inflation, median household income has fallen by nearly $5,000 since 2007.

In 1967, 53 percent of Americans were considered to be “middle income”. But today, only 43 percent of Americans are.

For each of the past six years, more businesses have closed in the United States than have opened. Prior to 2008, this had never happened before in all of U.S. history.

According to the New York Times, the “typical American household” is now worth 36 percent less than it was worth a decade ago.

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