Friday, March 29, 2013

THIS Is a Recovery?

Take it for what it's worth from the NYT:

...median annual income fell by a statistically significant amount from the previous month, according to a report from Sentier Research, a company run by former Census Bureau officials.

Median annual household income (pretax) in February 2013 was $51,404, about 1.1 percent (or $590) lower than the January 2013 level of $51,994. The numbers are all pretax, and are adjusted for both inflation and seasonal changes.

February’s median annual household income was 5.6 percent lower than it was in June 2009, the month the recovery technically began; 7.3 percent lower than in December 2007, when the most recent recession officially started; and 8.4 percent lower than in January 2000, the earliest date that this statistical series became available...--quoted at AEI Ideas

Compare that to the price of gasoline in the same time-frame.


jimspice said...

If the median goes down while the mean stays the same or increases, that means more of the pie is going to the "job creators," right? Isn't that what you guys want?

Anonymous said...

Kimd of like how the Mega Mart never got paid back, eh Jimmy?