U.S. Incomes Dropped Last Year, Census Bureau Says
WASHINGTON — In a fresh sign that the country’s middle class has yet to feel the gains from a weak economic recovery, median household income declined last year to $50,054, a level last seen in 1996, the Census Bureau reported Wednesday. This income measure, adjusted for inflation, was down by 1.5 percent from the previous year. It peaked in 1999, when the median income for American households reached $53,252.
The drop poses a political challenge for President Obama, as he presents himself as a champion of the middle class and defends his economic stewardship in a tightly fought presidential race.
OBAMA HAS BEEN A TOTAL FAILURE.
No comments:
Post a Comment