Categorized | General Interest

The Scary Economy

Yesterday, I reported on the crazy line in Times Square for a handfull of jobs that are not what you would call middle-class building work. Here’s a companion bit of info courtesy of the Economic Policy Institute. Called “Postcards From An Ailing Economy,” the first one says it all:

What’s happened to family income?

Despite a rising stock market and strong profits, the income of the typical working family has fallen farther behind rising prices each year for the past five years. Since 2000, the median family headed by someone of working age (65 or less) has seen its income drop 5.4% after adjusting for inflation. This represents a loss of $3,000 in annual income.

The rest of the grim news is here.

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