Friday, September 19, 2014

America’s New Working Poor: Its former Middle Class

http://declineofusmiddleclass.blogspot.com/2014/09/100-poverty-rate-declines-but-income.html

“The census numbers on what American families made last year are as mediocre as they are predictable. We now know that if your household brought in $51,939 in income last year, you were right at the 50th percentile, with half of households doing better and half doing worse. In inflation-adjusted terms, that is up a mere 0.3 percent from 2012. If you’re counting, that’s an extra $180 in annual real income for a middle-income American family.” 

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