Friday, August 22, 2014
Middle Class Still Struggling
The Upshot draws attention to a new report suggesting that the median household income has, when adjusted for inflation, fallen about 3% since the middle of 2009. And it is has fallen even farther from where it was in the early 2000s. In 2000, the median household income was well over $56,000 in 2014 dollars; it is now below $54,000. Stagnating---and outright declining---incomes may cause many American families to be pessimistic about the economy.
Posted by Fred Bauer at 11:47 AM