On The Down Slope

Posted By on September 13, 2011

This kind of sums things up, the government said we had slow growth, odd then how median household income in 2010 dropped $1,154 from $50,599 to $49,445!  Hmm, they call that growth?

From Bloomberg:

Data released by the Census Bureau today showed the proportion of people living in poverty climbed to 15.1 percent last year from 14.3 percent in 2009, and median household income declined 2.3 percent. The number of Americans living in poverty was the highest in the 52 years since the U.S. Census Bureau began gathering that statistic.  Median household income in 2010 was $49,445, down from $50,599 the year before.

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