by dakine01
You know how bad you think things are? They’re worse than that.
11:18 am in Uncategorized by dakine01
Income Chart - click to embiggen
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I was doing my normal review of news web sites this morning when I came across this headline at the Washington Post:
The median U.S. wage in 2010 was just $26,363
At first I was shocked by this but then, not so much. David Dayen had this post at FDL News back in September
There were a couple other pieces of big news from the release of Census data. First, real median household income declined in 2010 by 2.3%. The average household now makes $49,445 a year.
My bold. If you think about it, with the rise of multi-person earners in households, the two figures are not at all incompatible. Nevertheless, it is still a concern It reinforces the message being sent by the folks at the various #Occupy efforts around the country.
This post from NASDAQ.com points out some of the aspects of this: Read the rest of this entry →
