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Report: Median Income Worse Now Than During Great Recession
Report: Median Income Worse Now Than It Was During Great Recession
WASHINGTON (CBSDC) — A new report put out by the Pew Research Center finds that the median income is worse now than it was during the Great Recession.
According to Pew, the Census Bureau showed that the median income for American households in 2009 – the official end of the Great Recession – was $52,195 (in 2011 dollars), while the median income dipped to $50,054 last year, falling 4.1 percent over two years.
old_oaks
September 19th, 2012
47% of the population has no way of understanding 1932 dollars against today’s dollars.
In 1932 as a result of the depression top earners making more than $1,000,000 OR $16,400,000 in today’s dollars were taxed at 69%. In 1936 this went up to 79% but only on income over $5,000,000 or $80,700,000 in today’s dollars… This went on through the 60′s at various rates but was the highest during WWII at 94% and that was on income in today’s dollars of $2,750,000 WHICH IS A SHITLOAD MORE THAN today’s $250,000 “richies.”
hanoverfist
September 19th, 2012
In the real world this clown would only be at 25% at most.
Chip Kale
September 19th, 2012
Thanks, Barry.
CrustyB
September 19th, 2012
Brother, can you spare a dime?
Maudie N Mandeville
September 19th, 2012
Crickets.
Victor Steel
September 24th, 2012
I don’t think, that really makes difference..?