NORTHLAND'S FAVORITE HITS » bad news http://kool1017.com Tue, 21 May 2013 03:07:49 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 U.S. Household Income Drops Dramatically Over The Last Two Years http://kool1017.com/u-s-household-income-drops-dramatically-over-the-last-two-years/ http://kool1017.com/u-s-household-income-drops-dramatically-over-the-last-two-years/#comments Mon, 10 Oct 2011 19:29:29 +0000 Steve Tanko http://kool1017.com/?p=16971 In what appears to be the largest drop in decades, U.S. household income paced negatively the last two years.

During the recession, which economists say lasted from Dec. 2007 to June 2009, the median annual household income fell by 3.2 percent, from $55,309 to $53,518, according to a report authored by two former U.S. Census Bureau officials. But in the post-recession period from June 2009 to June 2011, the figure fell by 6.7 percent, from $53,518 in June 2009 to $49,909 in June 2011.

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