That's been tanking for at least the last eight years. That's why the average American is so pissed!
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Here is the GDP per capita data. Generally speaking improvements in GDP per capita equate to a better average standard of living.
I suppose it could be different this time. We had a big setback in 2008-2009 but since then the GDP has been on the upswing. That despite the Dems working hard to suppress it with their never ending rules, regulations, taxes and fees.
Generally speaking improvements in GDP per capita equate to a better average standard of living. That may have once been true but have you priced healthcare or electricity lately?
We are in the obama economy now. Heck, we don't even know if the GDF numbers are real anymore, do we? 