Relevant:
- US Household income continues to fall in midst of recovery: Since the recession started median household income is down 7.3 percent.
- America Has Experienced The Biggest Drop In Standard Of Living Since [At Least] The Sixties
- U.S. Standard of Living Has Fallen More Than 50%
- The Typical Household, Now Worth a Third Less
- America's Inequality Problem: Real Income Gains Are Brief and Hard to Find
2012-08-21 — mybudget360.com
There seems to be an attraction of simply digitially printing ourselves out of an asset bubble. But in any market, there are unintended consequences. In this case, the typical American is seeing their living standard taken apart piece by piece. For example, in the last decade, the household unit has seen income fall. In this same period the price of one gallon of gas has gone up over 100 percent
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