Friday, March 29, 2013

The Great (Income) Depression


Catherine Rampell @ NYT's Economix:
February’s median annual household income was 5.6 percent lower than it was in June 2009, the month the recovery technically began; 7.3 percent lower than in December 2007, when the most recent recession officially started; and 8.4 percent lower than in January 2000, the earliest date that this statistical series became available...

Source: Sentier Research analysis of Labor Department data. Note that vertical axis does not start at zero to better show the change. 
Source: Sentier Research analysis of Labor Department data. Note that vertical axis does not start at zero to better show the change...

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