Jeff
09-19-2013, 08:05 AM
With prices of everything going up this is real nice to know, it's hard to believe but the facts are there , and we will still have some say they are doing better now than we where ( I guess facts are lost on those that really care )
The Census Bureau is out with the annual report on incomes and poverty. And while you might think that after years of stagnant incomes and elevated poverty rates, we would be inured to the depressing facts contained therein, it still somehow has the power to shock.
For my money, the most depressing fact about the economy is not the fact that household incomes were basically flat in 2012 (the real median household income was down to $51,017 from $51,100 in 2011, a statistically insignificant change). It wasn't even the fact that 15 percent of the U.S. population was living in poverty, (http://www.washingtonpost.com/blogs/wonkblog/wp/2012/09/12/the-official-poverty-rate-last-year-was-15-percent-heres-what-that-misses/) according to the official, flawed definition of the ter
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/17/the-typical-american-family-makes-less-than-it-did-in-1989/
The Census Bureau is out with the annual report on incomes and poverty. And while you might think that after years of stagnant incomes and elevated poverty rates, we would be inured to the depressing facts contained therein, it still somehow has the power to shock.
For my money, the most depressing fact about the economy is not the fact that household incomes were basically flat in 2012 (the real median household income was down to $51,017 from $51,100 in 2011, a statistically insignificant change). It wasn't even the fact that 15 percent of the U.S. population was living in poverty, (http://www.washingtonpost.com/blogs/wonkblog/wp/2012/09/12/the-official-poverty-rate-last-year-was-15-percent-heres-what-that-misses/) according to the official, flawed definition of the ter
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/17/the-typical-american-family-makes-less-than-it-did-in-1989/