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US Median Income Lowest Since 1995

Submitted by emalvini on Thu, 09/13/2012 - 02:57
in

By James Politi in Washington | Financial Times

The median income of American households dropped to its lowest level since 1995 last year, extending its decline during President Barack Obama’s tenure and highlighting the depth of the damage to the middle class inflicted by the recession and weak recovery.

According to annual data from the Census Bureau, median income adjusted for inflation – a closely watched measure of the financial health of average Americans – fell to $50,054 in 2011, or 1.5 per cent below its 2010 level and 4.1 per cent below its score when Mr Obama took office in 2009.

Read more:
http://www.ft.com/cms/s/0/ed14fc70-fc51-11e1-aef9-00144feabd...


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Priced in $FRN

Submitted by Paul_S. on Thu, 09/13/2012 - 13:23.

Is that adjusted to 1995 $FRN or 2012 $FRN?

Or how about priced in gold:
http://pricedingold.com/us-wages/
How about the lowest since 1939.

Financial Times is using an elastic currency to measure value over time. No real financial news from these people.

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heres a related article...

Submitted by pil45 on Thu, 09/13/2012 - 07:42.

says Income lowest since 1989.

http://news.yahoo.com/us-incomes-fall-1989-levels-did-happen...

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Have to register.

Submitted by tony m on Thu, 09/13/2012 - 06:42.

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