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Median household income fell 6.7 percent between June 2009, when the recession technically ended, and June 2011, according to a Census Bureau study cited by The New York Times. That's more than the 3.2 percent incomes fell during the recession, between 2007 and 2009.
Is that true?
Taken from the Huff post
"...an economy hampered by restrictive tax rates will never produce enough jobs or enough profits" JFK
You should link all of these things. Always good to see the context.
LikE ALLL ThOsE WoRThLesS, lefTist Links, yoUU PoST???
MeMBeR SiNcE 9/11/2011
MaY GOD BLesS ThE U.S.C. TROJAN'S, AnD AMeRiCA,---FoR ALLL ETeRNiTY!!!
The Great Recession hit middle wage and lower wage earners the hardest. Level of completed education, race, and previous earnings were all great predictors to tell us whom was going to end up where as we started to recover. I don't know that many would dispute the reality. The other piece of that reality is that the people who entered the recession in the most financially secure positions came out of these tough times with an even bigger piece of the pie than they had going in.
Exactly. I am, however, glad to hear that conservatives want to talk about income inequality. It does destroy the social fabric that many conservatives claim to value. Econonomic insecurity is also often linked to family breakdown, a lack of willingness to take economic risks in terms of entrepreneurship, bad social indicators like alcoholism, drug abuse etc etc
I just realized this post was meant for another thread, so I am going to put it there too.
Works here too!
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