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“Substantially Less Money” Is The New Norm

- October 11, 2015

The Decline Of U.S. Household Incomes Under Obama Is "Not A Pretty Picture." "Last month, the Census Bureau reported on income and poverty through 2014. It's not a pretty picture. The median-income household has lost nearly $1,300 in income after inflation under Obamanomics." (Stephen Moore, "Women Have Suffered More Under Obama Policies," Real Clear Politics, 10/27/15)

  • "Obamanomics" Has Been Even "Worse For Women," Who Have Lost Nearly 4 Cents On The Dollar During The Obama Administration. "The median-income household has lost nearly $1,300 in income after inflation under Obamanomics. It's worse for women. Since President Obama took office in 2009, median inflation-adjusted income for women has fallen by nearly 4 cents on the dollar, according to Census data, versus slight gains for men." (Stephen Moore, "Women Have Suffered More Under Obama Policies," Real Clear Politics , 10/27/15)

American Household Incomes "Lost Ground" Last Year, In A Sign The U.S. Economic Expansion "Has Not Led To Gains For Many Americans" Since The End Of The 2007-2009 Recession. "American household incomes lost ground last year and the poverty rate ticked up, the U.S. Census Bureau said on Wednesday, in a sign the U.S. economic expansion has not led to gains for many Americans five years after the 2007-2009 recession." (Susan Heavey, "U.S. Household Incomes Slip, Poverty Rate Up Slightly In 2014," Reuters, 9/16/15)

  • The "Depressing Data" On Middle-Class Wages Is "True Across Almost All Groups Based On Race And Age." "The depressing data on middle-class wages is true across almost all groups based on race and age." (Neil Irwin, "Why Americans Still Think The Economy Is Terrible," The New York Times, 9/16/15)

The Median Household Income In The U.S. Fell $805, Or 1.5 Percent, From $54,462 In 2013 To $53,657 2014. (Census, Accessed 9/16/15)

During The Obama Administration, Median Household Income Has Fallen $1,656, From $55,313 In 2008 To $53,657 In 2014. (Census, Accessed 9/16/15)

The Recent Census Data Is The "Latest Sign" That The Economic Expansion "Has Done Little To Improve Living Standards For A Broad Swath Of The Nation." "Incomes in the U.S. edged lower in 2014, the latest sign an economic expansion that began five years earlier has done little to improve living standards for a broad swath of the nation." (Nick Timiraos, "U.S. Income Edged Lower In 2014," The Wall Street Journal, 9/16/15

Middle-Income American Families "Make Substantially Less Money" In Inflation Adjusted Terms Than Years Ago, And "There Is No Evidence That Is Reversing." "A middle-income American family, in other words, makes substantially less money in inflation-adjusted terms than it did 15 years ago. And there is no evidence that is reversing." (Neil Irwin, "Why Americans Still Think The Economy Is Terrible," The New York Times, 9/16/15)


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