Posted on 09/27/2012 9:32:33 AM PDT by george76
Americans must be wondering how much more of this “recovery” they can afford. New figures from the Census Bureau’s Current Population Survey, compiled by Sentier Research, show that the typical American household’s real (inflation-adjusted) income has actually dropped 5.7 percent during the Obama “recovery.” Using constant 2012 dollars (to adjust for inflation), the median annual income of American households was $53,718 as of June 2009, the last month of the recession. Now, after 38 months of this “recovery,” it has fallen to $50,678 — a drop of $3,040 per household.
Yet it gets worse. Amazingly, incomes have dropped even more during the “recovery” than they did during the recession. In fact, they’ve dropped more than twice as much as they did during the recession.
...
Two of the groups hit hardest have been ones that turned out in abundance for Obama in 2008: black Americans and younger Americans (those between the ages of 25 and 34). During the first three years of the Obama “recovery,” the real median household income for black Americans dropped a whopping 11.1 percent. For Americans between the ages of 25 and 34 — the group most apt, as Paul Ryan put it, to be “staring up at fading Obama posters” and looking to “get going with life” — real median household income dropped 8.9 percent.
(Excerpt) Read more at weeklystandard.com ...
Just wait until the 0bama tax increases take effect when he reverses what George Bush has done.
MMM...MMM...MMM!
tagline
but some Americans are getting free phones.
Why was 1.4 billon dollars spent on the first family in 2012?
Now figure inflation on existing income . Add another 5000 in lost buying power.... That’s @ 3% non compounded overall the average citizen has probably lost 9,000-10,000 in buying power
I own a small business and my income has been cut in half thanks to Obama. Once it was evident he was going to be elected, it has been downhill ever since.
And health premiums are up an average of $3,065.
Again, Romney and Ryan need to hit this home, along with the higher health care premiums. Every single time news like this comes out it should be a non stop meme on the campaign trail.
UNDER OBAMA AVERAGE INCOME DROPPED AND THANKS TO HIS OBAMACARE YOU’LL BE PAYING MORE FOR YOUR HC PREMIUM.
Nonstop, along with the employment rate.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.