Household Income BELOW 2009

Isn't it strange that mainstream media outlets such as CNBC are parroting the official spin that the "Great Recession" ended in 2009, while at the same time admitting that household incomes are DOWN since it ended?  Don't fall for it!  Look at the bottom line.  People are hurting everywhere as daily prices continue to escalate while incomes are moving down.  Take charge of YOUR INCOME by building your own financial co-op! ...Dennis

Report: Household income below end-of-recession

The average American household is earning less than when the Great Recession ended four years ago, according to a report released Wednesday. 

U.S. median household income, once adjusted for inflation, has fallen 4.4 percent in that time, according to the report from Sentier Research. The report is based on an analysis of Census Bureau data. 

The median, or midpoint, income in June 2013 was $52,098. That's down from $54,478 in June 2009, when the recession officially ended. And it's below the $55,480 that the median household took in when the recession began in December 2007.

 

CNBC's Kelly Evans shares her thoughts the Fed minutes and falling household incomes.

 

The report says nearly every group is worse off than four years ago, except for those 65 to 74. Some groups have experienced larger-than-average declines, including blacks, young and upper-middle-aged people, and the unemployed.

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