New census income figures released

/ 26 August 2008

From Robert Reich’s blog:

Compared to median income in 2000 -- which, like 2007, was the final year of a cycle of economic growth -- it's now clear that this is the first time Americans have become poorer, in real terms, at the end of an expansion than they were at the start. It seems almost certain that incomes will continue to decline in 2008.