Friday, September 18, 2009

We're All Poorer Now

The last 8 years saw one of the largest drops in median income in American history, with the young taking the biggest hit of all.

Change in median income from 2000-08 (in 2008 dollars):

AgeMenWomen
15-24-9.7%-3.3%
25-34-11.7%-2.9%
35-44-6.8%-0.8%
45-54-11.2%-4.8%
55-64-2.3%20.6%
65-748%8.7%
75+1.9%3.5%

Source: Census Bureau


"We're the first nation in the history of the world to go to the poorhouse in an automobile" -- Will Rogers

I remember when the Right used to scream about "class war." Well, we've had class war for 30 years, and guess which class is winning.

1 comment:

Göran Koch-Swahne said...

Search Haliburton, the contractors and the other profiteers from illegal wars...