News you can use ::: Incomes Have Dropped Twice as Much During the ‘Recovery’ as During the Recession
Hah that should help you college grads out. Read the whole story, if you have the stomach for the truth.
Here is the money Quote :::
New estimates derived from the Census Bureau’s Current Population Survey by Sentier Research indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the “recovery,” after having fallen by 1.8 during the recession. During the recession, the median American household income fell by $1,002 (from $55,480 to $54,478). During the recovery—that is, from the officially defined end of the recession (in June 2009) to the most recent month for which figures are available (June 2013)—the median American household income has fallen by $2,380 (from $54,478 to $52,098). So the typical American household is making almost $2,400 less per year (in constant 2013 dollars) than it was four years ago, when the Obama “recovery” began.
The illusion that the little guy is making out.
Yet the O petition to dump Ben Aleck as next Batman it has garnered thousands of signatures, so far. What say you O?
INVESTOR’S BUSINESS DAILY: Obama’s Economy — We’ve Fallen And Can’t Get Up.