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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on August 27, 2012, 11:59:37 AM
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REPORT: Almost Every Household Is Worse Off Now Than It Was Three Years Ago
Jill Krasny|35 minutes ago|6|1
As the economy sputters along, consumers are feeling the squeeze in their annual paychecks.
That's according to Sentier Research, whose latest report found household incomes have been declining ever since the recovery began in June 2009.
The numbers are striking: Yearly household income dwindled by 4.8 percent between June 2009 and 2012 from $53,508 to $50,964, although several types of households fared much worse than that.
"Based on our data, almost every group is worse off now than it was three years ago, with the exception of households with householders 65-years-old and over," said researcher Gordon Green.
We took a closer look at the report to see who's falling behind:
Non-family households: This group saw its real median annual income decline by 7.5 percent, from $33,002 to $30,512. Family households declined a little less than that by 4.7 percent.
Single households: Men living alone saw their real median income drop by 9.4 percent, while women's dropped by 4.5 percent.
Black households: Compared to white and Hispanic households, Black householders' income declined the most by 11.1 percent, from $35,567 to $32,498.
Householders without a college degree: People with some education but no degree saw their real median annual income slide by 9.3 percent, from $50,948 to $46,200. Associates degree holders saw theirs taper off by 8.6 percent, from $60,602 to $55,374.
Self-employed households: This group's annual income fell 9.4 percent, from $73,695 to $66,752. Private sector workers fared only a little bit better, with a decline of 4.5 percent.
Households in the West: In contrast to households in the Midwest region which barely saw a decline, households in the West felt their yearly incomes decrease by 8.5 percent, from $59,065 to $54,071.
Households with householders between 55 and 66: Compared to millennials who saw their real median household income drop 8.9 percent, boomers' declined by 9.7 percent, from $61,716 to $55,748.
In a surprising twist, householders between 65 and 74-years-old got a boost in their income by 6.5 percent.
SEE ALSO: Reddit users share 25 ways to make your life easier >
Read more: http://www.businessinsider.com/report-almost-every-group-is-worse-off-now-than-it-was-three-years-ago-2012-8#ixzz24m4ynGoa
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Black households: Compared to white and Hispanic households, Black householders' income declined the most by 11.1 percent, from $35,567 to $32,498.
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And the stupid 94'ers want more of this bs?
F them.
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The Obama Adminstration gets an F.
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The Obama Adminstration gets an F.
Not according to the cult members. Private sector doing fine!
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Not according to the cult members. Private sector doing fine!
I am really amazed at the blinders some people are wearing. They really are like cult members.
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I am really amazed at the blinders some people are wearing. They really are like cult members.
I said it early on - Obama is a cult. He is the cult leader and his sheep who are part of the Cult of Obama do anything, anything at all to prop up this black mass (Satanic ritual) for one reason and one reason only.