Relevant:
- America's middle class meltdown
- Census Bureau: Median Incomes Rose And Poverty Levels Fell In 2016 (BUT... METHODOLOGY CHANGED)
- Median Incomes Fell for All But Richest in 2010-13, Fed Says
- Incomes drop in 2011, rich and poor divide deepens
- Housing Market Could Suffer From Deteriorating Median Incomes
2015-04-08 — davidstockmanscontracorner.com
... over the course of the next 27 years [from 1973], and after Washington ended both the Bretton Woods gold standard anchor on money and the practice of balanced budgets, real median incomes grew by only 0.8% annually, rising to $57k by the year 2000.
Needless to say, its been all downhill since then. Real median income was $53k in 2014. That means median living standards of US households have been falling at a 0.5% annual rate since the turn of the century. There is no prior 15 year period that bad, including the years after the 1929 crash.
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