Sunday, September 7, 2014

2010-2013: Median income fell for all but wealthiest

http://www.bloomberg.com/news/2014-09-04/median-incomes-fell-for-all-but-richest-in-2010-2013-fed-says.html

Only the richest Americans enjoyed gains in income from the economic recovery during 2010-2013, as median earnings fell for all others, a report from the Federal Reserve showed.

Median income adjusted for inflation rose 2 percent to $223,200 for the wealthiest 10 percent of households from 2010 to 2013, the Fed said yesterday from Washingtonin its Survey of Consumer Finances, taken every three years. The bottom 60 percent saw the biggest declines.


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