Two former Census Bureau officials have completed a study that shows that, despite some improvement in median household income in the last two years, we’re still not close to the purchasing power we had before the 2008 financial crisis.\u00a0 Median annual household income rose to $52,100 in June, but that’s $2,400 lower \u2014 a 4.4 percent decline \u2014 than in June 2009. Combined with the 1.8 percent decline that occurred during the recession, leaves median household income 6.1 percent \u2014 or $3,400 \u2014 below its level in December 2007, when the economic slump began.<\/p>\n
The top 1 percent of Americans don’t have anything to complain about, though.<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Two former Census Bureau officials have completed a study that shows that, despite some improvement in median household income in the last two years, we’re still not close to the purchasing power we had before the 2008 financial crisis.\u00a0 Median … Continue reading