…out for you?
Not so good I guess. Sure isn’t doing me any favors.
Household Incomes Fall In Aug., Off 8.2% Under Obama
By JOHN MERLINE
In another sign that the economic recovery under President Obama is not producing gains for average Americans, median household incomes fell 1.1% in August to $50,678, according to a report released Tuesday by Sentier Research.
Since the economic recovery started in June 2009, household incomes are down 5.7%, the Sentier data show, and they are down more than 8% since Obama took office.
“Even though we are technically in an economic recovery, real median annual household income is having a difficult time maintaining its present level, much less recovering,” said Sentier co-founder and former Census Bureau official Gordon Green.
Earlier this month, the Census Bureau released its annual report showing that the number of people in poverty was nearly 3 million higher in 2011 than in 2009, an increase of 6%.
That report also found that average incomes for middle- and lower-income households fell in 2011 after adjusting for inflation. They rose only for the wealthiest 20% of households.
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