Wednesday, September 18, 2013

One Depressing Fact From Census Data

Median household income was $51,681 in 1989.  The data from the 2012 census shows that there has been no growth in median household income for 24 years.  It was only $51,017 in 2012.  The data for 1989 are reported in 2012 dollars, in order to correct for inflation.  There has been considerable growth in income over the last 24 years but has not trickled down the median household.

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