Friday, August 23, 2013

Things are not getting better

A report by Sentier Research concludes that households are earning 4.4 percent less, when adjusted for inflation, than they were when the economic recovery began four years ago.
In June, the median income wast $52,098; in December 2007 it was $55,480.  Only in the Midwest were people doing a little better as their earnings grew by 0.8%.

One could question Sentier Research.  I, for one, had never heard of them. But, if you believe their web site, they seem to be quite competent. They've been around for 16 years and have an interesting list of clients, including the Census Bureau.

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