[lbo-talk] Household Income Trends During the Recession and Economic Recovery

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Sat Nov 5 16:02:07 PDT 2011


h/t FT/alphaville

http://www.sentierresearch.com/pressreleases/SentierResearch_PressRelease_October_10_2011.pdf

This is only a press release, the paper is $20. But it has some interesting stats:

<snip> Highlights include the following:

. Real median annual household income has fallen significantly

more during the economic recovery period from June 2009 to

June 2011 than during the recession lasting from December 2007

to June 2009.

. During the recession, real median annual household income fell

by 3.2 percent, from $55,309 in December 2007 to $53,518 in June

2009. During the economic recovery, real median annual household

income fell by an additional 6.7 percent, from $53,518 in June

2009 to $49,909 in June 2011.

. For the entire period from December 2007 to June 2011, real median

annual household income has declined by 9.8 percent. A decline of

this magnitude represents a significant reduction in the American

standard of living. </snip>

So much for the "summer of recovery" ...

/jordan



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