Report: Median Household Income Down 1.1% in August, More Than 8% Under Obama
by
Tony Lee
26 Sep 2012, 9:39 AM PDT
Median household incomes fell by another 1.1% in August, according to a Sentier Research report released Tuesday.
Since Obama took office, according to the report,
household incomes are down more than 8%. And since the economic recovery
began in June of 2009, household incomes have fallen by 5.7%.
"Even though we are technically in an economic recovery,
real median annual household income is having a difficult time
maintaining its present level, much less recovering," said Sentier
co-founder and former Census Bureau official Gordon Green.
These figures come as, Business Insider notes, the Census
Bureau released its annual report showing three million more people were
in poverty in 2011 than 2009, and the “average inflation-adjusted
income for households in the middle 20% is now lower than it's been
since 1995.”
In addition, The Health Care Cost Institute released a
report that found “per-capita costs jumped 4.6% last year,” and a Center
for Disease Control and Prevention report found there were more than
one million uninsured Americans in the first three months of 2012
compared with last year.
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