How does a consumer driven economy improve when median income levels are significantly decreasing?
Factor in the increasing prices on the items of daily living and the result is that the dollar value meal doesn’t stretch as far as it used to!
A report from the Census Bureau released yesterday showed that median household income fell for the fourth consecutive year to $50,054. Income has dropped 9% since its all-time peak in 1999. In fact, as a WSJ article reports, median household income is now at its 1995 level.
The Market Today ONLINE
No comments:
Post a Comment