The average American household is now earning LESS income than it did at the end of the Great Recession

Engineering Evil

  • Race, age, and geographic location all  factor into how badly households have been hit by post-recession money  woes
  • Only householders aged 65-74 saw an  increase in average income

By  Ap Reporter and Daily Mail Reporter

PUBLISHED: 16:04 EST, 22  August 2013 |  UPDATED: 16:25 EST, 22 August 2013

 

The average household is earning less than  when the Great Recession ended four years ago and some Americans are affected  even more than others.

U.S. median household income, once adjusted  for inflation, has fallen 4.4 percent since the official end of the recession,  according to Census Bureau statistics.

Specific groups such as blacks, the young,  and the upper-middle-aged have experienced even larger than average drops in  income.

Money woes: The Great Recession may be over, but a new study says average American household income has dropped since the end of the recession

 

Money woes: The Great Recession may be over, but a new  study says average American household income has dropped since the end of the  recession

 

Younger people and those aged between 55…

View original post 476 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s