Jeff Kearns writes August 23 for Bloomberg News:
American incomes declined more in the three-year expansion that started in June 2009 than during the longest recession since the Great Depression, according an analysis of U.S. Census Bureau data by Sentier Research LLC.
Median household income fell 4.8 percent on an inflation- adjusted basis since the recession ended in June 2009, more than the 2.6 percent drop during the 18-month contraction, the research firm’s Gordon Green and John Coder wrote in a report today. Household income is 7.2 percent below the December 2007 level, the former Census Bureau economic statisticians wrote.
Read more here.
- The sound of Nobel Prize-winning bubble alarm
- Nobel Prize winner warns of US stock market bubble
- Why US baby boomers are retiring in Latin America
- Bagehot & Deflation: Interview with David Kotok
- Obamacare Impact on Jobs (And Way Less Job Growth than Anyone Thinks)
- PUTTING THE GINI BACK IN THE BOTTLE: GINI COEFFICIENT KEEPS RISING WHILE REAL MEDIAN INCOME FALLS
- NOMURA: It's The End Of The End Of The World
- Bitcoin Soars Above $600: Rises 20% In One Day Ahead Of Senate Hearing
- Bitcoin Rises Over $500
- China eases 1-child policy amid elderly boom
- Q3 Earnings Roundup: Banks, Non-Banks and the FOMC
- As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target
- Cancer patient chooses death after Obamacare causes his premium to increase by 833%
- As Bitcoin Soars Over $300, A Question Arises: Could It Become A Global Reserve Currency?
- Warning Signs Flash as Stock Market Soars to Records