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U.S. Incomes Fell More in Recovery, Sentier Says
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| Contributor | kal |
| Last Edited | kal Aug 24, 2012 09:09am |
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| Category | News |
| News Date | Friday, August 24, 2012 03:00:00 PM UTC0:0 |
| Description | American incomes declined more in the three-year expansion that started in June 2009 than during the longest recession since the Great Depression, according an analysis of U.S. Census Bureau data by Sentier Research LLC.
Median household income fell 4.8 percent on an inflation- adjusted basis since the recession ended in June 2009, more than the 2.6 percent drop during the 18-month contraction, the research firm’s Gordon Green and John Coder wrote in a report today. Household income is 7.2 percent below the December 2007 level, the former Census Bureau economic statisticians wrote.
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