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US incomes ‘fell more after than during recession’

Posted By admin On October 10, 2011 @ 3:00 am In Money Watch | Comments Disabled

AFP [1]
October 10, 2011

US household incomes fell more in the two years following the end of the recession than during the downturn itself, according to a New York Times report published on its website.

A study by two former Census Bureau officials said inflation-adjusted income fell 6.7 percent, to $49,909, between June 2009 — when the recession ended — and June 2011, the newspaper said.

During the recession — from December 2007 to June 2009 — household incomes fell less than half of that, 3.2 percent, according to the report.

The bigger drop in the two years after the recession suggests why Americans feel a growing sense of anxiety about the nation’s economic prospects even as the economy has been growing since the recession ended.

Full article here [1]

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URLs in this post:

[1] AFP: http://ca.news.yahoo.com/us-incomes-fell-more-during-recession-032922170.html

[2] Personal incomes fall more during ‘recovery’ than during the recession: http://www.prisonplanet.com/personal-incomes-fall-more-during-recovery-than-during-the-recession.html

[3] U.S. incomes see largest drop in 20 years: http://www.prisonplanet.com/u-s-incomes-see-largest-drop-in-20-years.html

[4] Home Prices in 20 U.S. Cities Fell by a Record 19%: http://www.prisonplanet.com/home-prices-in-20-us-cities-fell-by-a-record-19.html

[5] Recession in U.S. Was Even Worse Than Estimated, Revisions Show: http://www.prisonplanet.com/recession-in-u-s-was-even-worse-than-estimated-revisions-show.html

[6] American Incomes Are Falling And Near-Retirees Are Getting Crushed: Study: http://www.prisonplanet.com/american-incomes-are-falling-and-near-retirees-are-getting-crushed-study.html

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