REAL WORLD EVENT DISCUSSIONS

WHAT "recovery"?

POSTED BY: SIGNYM
UPDATED: Sunday, October 16, 2011 05:33
SHORT URL:
VIEWED: 588
PAGE 1 of 1

Saturday, October 15, 2011 7:36 AM

SIGNYM

I believe in solving problems, not sharing them.


Household income fell more in recovery than in recession: study

Quote:

Some recovery: Household income fell more after the official end of the recession than it did during the recession itself, according to a new report.

Between December 2007 and June 2009, median annual household income slumped 3.2% to $53,518, according to a report from two former Census Bureau officials.

From that point until June this year, incomes fell to $49,909 — a 6.7% decline, according to Gordon Green and John Code of Sentier Research.

So while the economy technically has been growing, the good news has yet to reach average Americans, who have been saddled with three straight months of 9.1% unemployment as well as a volatile stock market and high prices.

The recovery has been difficult for many, according to the report. Jobless household heads saw their income plunge 18.4% to $33,487 annually, compared to a 5.1% slide to $68,454 a year for full-time workers.

Single parents are making 7.3% less — just $36,465, the report found. Married households are pulling in $73,324, a 4.5% drop.



Additional studies show people losing health insurance and net wealth more than "during" the recession. As a percentage, more Americans than Chinese report not having enough money for basic necessities like food, housing, and health care.


NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Saturday, October 15, 2011 7:48 AM

OLDENGLANDDRY


Deny it as much as you like, the collapse is coming.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Saturday, October 15, 2011 9:04 AM

SIGNYM

I believe in solving problems, not sharing them.


Well, I'm not in denial.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, October 16, 2011 5:33 AM

NIKI2

Gettin' old, but still a hippie at heart...


Yup, that's the legacy Bush left us with, and Obama hasn't fixed it, which is why so many are outraged. Nobody knew just how bad it WAS when things started going downhill...we're sure finding out now!

How I wish we had an alternative on the left...sigh...

Saw a sign at the demonstration I liked: "It'll get much worse before it gets...worse".


Hippie Operative Nikovich Nikita Nicovna Talibani,
Contracted Agent of Veritas Oilspillus, code name “Nike”,
signing off



NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

YOUR OPTIONS

NEW POSTS TODAY

USERPOST DATE

OTHER TOPICS

DISCUSSIONS
Elections; 2024
Thu, May 16, 2024 09:17 - 2488 posts
In the garden, and RAIN!!! (2)
Thu, May 16, 2024 08:33 - 3696 posts
A.I Artificial Intelligence AI
Thu, May 16, 2024 08:12 - 151 posts
End of the world Peter Zeihan
Thu, May 16, 2024 08:00 - 36 posts
Mid-Term 2026 US Elections
Thu, May 16, 2024 07:56 - 20 posts
human actions, global climate change, global human solutions
Thu, May 16, 2024 07:40 - 853 posts
Russia Invades Ukraine. Again
Thu, May 16, 2024 06:42 - 6516 posts
Russian losses in Ukraine
Wed, May 15, 2024 22:42 - 1094 posts
I'm surprised there's not an inflation thread yet
Wed, May 15, 2024 21:48 - 767 posts
Is Elon Musk Nuts?
Wed, May 15, 2024 16:08 - 367 posts
China
Wed, May 15, 2024 15:44 - 458 posts
Microsoft and Amazon (and now Google) shedding jobs like a Covid Jabbed Victim sheds Covid
Wed, May 15, 2024 14:31 - 56 posts

FFF.NET SOCIAL