Look, no matter how hard those on Barry's team try to spin the numbers, the bottom line here is that the U.S. economy is simply not on the right track for far too many Americans. Consider this little factoid, for example. Despite all of the wild claims being made, it's a fact that U.S. household median annual incomes have dropped, and very substantially so, from $53,508 to $50,964 just since June 2009, and that's not me saying that, it's according to new report from Sentier Research. Folks, that’s a decline of 4.8 percent over what was just a three-year period. And that’s not all! Business Insider's Jill Krasny notes, “several types of households fared much worse than that.” Sentier Research’s Gordon Green adds that, “[A]lmost every group is worse off now than it was three years ago, with the exception of households with householders 65-years-old and over.” So how did those folks get so lucky?
Upon closer inspection of the above mentioned report, Business Insider put together a little list of who exactly is “falling behind”: Non-family households: This group saw its real median annual income decline by 7.5 percent, from $33,002 to $30,512. Family households declined a little less than that by 4.7 percent. Single households: Men living alone saw their real median income drop by 9.4 percent, while women’s dropped by 4.5 percent. Black households: Compared to white and Hispanic households, Black householders’ income declined the most by 11.1 percent, from $35,567 to $32,498. Householders without a college degree: People with some education but no degree saw their real median annual income slide by 9.3 percent, from $50,948 to $46,200. Associates degree holders saw theirs taper off by 8.6 percent, from $60,602 to $55,374. Self-employed households: This group’s annual income fell 9.4 percent, from $73,695 to $66,752. Private sector workers fared only a little bit better, with a decline of 4.5 percent. Households in the West: In contrast to households in the Midwest region which barely saw a decline, households in the West felt their yearly incomes decrease by 8.5 percent, from $59,065 to $54,071. Households with householders between 55 and 66: Compared to millennials who saw their real median household income drop 8.9 percent, boomers’ declined by 9.7 percent, from $61,716 to $55,748.
Just a final thought here and then I'll let you all go. Per the Sentier Research report, the decline in household income began in 2009. Now what else supposedly began back in 2009? Other than, of course, the start of the most disastrous presidency in this nation's history. Here’s a little hint: the so-called “recovery.” Okay, okay, so I'm not so good at giving a hint. In the effort to save a little time I thought I'd just cut to the chase and give you all the answer. You do know what this means, right? What it means is that household income has fallen more during the Barry's supposed “recovery”, or 4.8 percent, than it did during the recession, or 2.6 percent. Now I'm not an economist, and I didn't stay in a Holiday Express last night. But that just doesn't compute, even for me. And another thing, how is it, exactly, that the guy who's been the mastermind behind such an abysmal occurrence, remains tied in some polls and leading in others?
Upon closer inspection of the above mentioned report, Business Insider put together a little list of who exactly is “falling behind”: Non-family households: This group saw its real median annual income decline by 7.5 percent, from $33,002 to $30,512. Family households declined a little less than that by 4.7 percent. Single households: Men living alone saw their real median income drop by 9.4 percent, while women’s dropped by 4.5 percent. Black households: Compared to white and Hispanic households, Black householders’ income declined the most by 11.1 percent, from $35,567 to $32,498. Householders without a college degree: People with some education but no degree saw their real median annual income slide by 9.3 percent, from $50,948 to $46,200. Associates degree holders saw theirs taper off by 8.6 percent, from $60,602 to $55,374. Self-employed households: This group’s annual income fell 9.4 percent, from $73,695 to $66,752. Private sector workers fared only a little bit better, with a decline of 4.5 percent. Households in the West: In contrast to households in the Midwest region which barely saw a decline, households in the West felt their yearly incomes decrease by 8.5 percent, from $59,065 to $54,071. Households with householders between 55 and 66: Compared to millennials who saw their real median household income drop 8.9 percent, boomers’ declined by 9.7 percent, from $61,716 to $55,748.
Just a final thought here and then I'll let you all go. Per the Sentier Research report, the decline in household income began in 2009. Now what else supposedly began back in 2009? Other than, of course, the start of the most disastrous presidency in this nation's history. Here’s a little hint: the so-called “recovery.” Okay, okay, so I'm not so good at giving a hint. In the effort to save a little time I thought I'd just cut to the chase and give you all the answer. You do know what this means, right? What it means is that household income has fallen more during the Barry's supposed “recovery”, or 4.8 percent, than it did during the recession, or 2.6 percent. Now I'm not an economist, and I didn't stay in a Holiday Express last night. But that just doesn't compute, even for me. And another thing, how is it, exactly, that the guy who's been the mastermind behind such an abysmal occurrence, remains tied in some polls and leading in others?
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