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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
The defining feature of the 21st century US economy has been stagnant income, which is why millions of American families feel like they’re falling behind.
But the story appears to be changing. Research firm Sentier Research reports that median household income in April finally surpassed the level of January 2000, the starting point for its data on family income. In plain English, that means the living standards of the typical family are now a bit higher than they were at the turn of the century, 17 years ago.
Sentier calculates a monthly index representing median household income, based on Census Bureau data, starting at 100 in January of 2000. Since it’s an index, it’s adjusted for inflation and represents the real earning power of a typical family. The index drifted slightly above 100 a few times leading up to the 2008 financial meltdown, but mostly went sideways during the George W. Bush administration. Then it plunged beginning in 2009, with a long recovery beginning in 2011.
The latest reading in the Sentier index is 100.9, the first time it’s been above 100 since 2008. That number matches the previous high, from 2002, which means family income will hit a new high if it rises in May. The red line on the chart below represents household income, while the other line shows the percent of the US labor force considered unemployed or underemployed.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
More #MAGA: Family Income Now Highest Since Bush Was in Office
Posted by:
Facts Hurt, Libtardz
()
Date: May 23, 2017 02:29PM
Family income is now the highest since 2002
The defining feature of the 21st century US economy has been stagnant income, which is why millions of American families feel like they’re falling behind.
But the story appears to be changing. Research firm Sentier Research reports that median household income in April finally surpassed the level of January 2000, the starting point for its data on family income. In plain English, that means the living standards of the typical family are now a bit higher than they were at the turn of the century, 17 years ago.
Sentier calculates a monthly index representing median household income, based on Census Bureau data, starting at 100 in January of 2000. Since it’s an index, it’s adjusted for inflation and represents the real earning power of a typical family. The index drifted slightly above 100 a few times leading up to the 2008 financial meltdown, but mostly went sideways during the George W. Bush administration. Then it plunged beginning in 2009, with a long recovery beginning in 2011.
The latest reading in the Sentier index is 100.9, the first time it’s been above 100 since 2008. That number matches the previous high, from 2002, which means family income will hit a new high if it rises in May. The red line on the chart below represents household income, while the other line shows the percent of the US labor force considered unemployed or underemployed.
Re: More #MAGA: Family Income Now Highest Since Bush Was in Office
Posted by:
Obamanomics are getting crushed
()
Date: May 23, 2017 02:34PM
Trump is the man! I knew he would turn us around, but I didn't expect it this fast! He is like a GOD!
Re: More #MAGA: Family Income Now Highest Since Bush Was in Office
Posted by:
Keep it going
()
Date: May 23, 2017 03:00PM
Looks like Obama really got us out of a mess
Happy trump is keeping up the good work
Happy trump is keeping up the good work