Say It Ain't So Already

Don’t Feel Like You’re Getting Ahead?

September 10, 2009 at 8:07 AM Leave a comment

Well, you’re not. Your income might even be lower, adjusted for inflation, than it was ten years ago:

In another sign of both the recession and the long-term stagnation of middle-class wages, median family incomes in 2008 fell to $50,300, compared with $52,200 the year before. This wiped out the incomes gains of the previous three years, the report said.

Adjusted for inflation, in fact, median family incomes were lower in 2008 than they had been a decade previously.

Entry filed under: Financial Crisis, We the People. Tags: .