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US / The Real Median Household Income Free Fall

Courtesy of Doug Short, we see from the above that the past decade has seen no gains in real median household incomes. Indeed, the free fall began in earnest in 2008, and now reflects an 8.1% decrease in real  buying power.

This is for the median household — we know from Fed and IRS data that the past decade has seen a modest gains in the top 30% of all earners, bigger gains in the top 10%, very significant increases in the top 1.0%, and enormous gains in the top 0.1%.

Choosen excerpts by Job Market Monitor from

 'Real Median Household Income in the 21st Century I The Big Picture' - www_ritholtz_com_blog_2012_11_real-median-household-income-in-the-21st-century__utm_source=feedburner&utm_medium=fe

via Real Median Household Income in the 21st Century | The Big Picture.

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