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Tuesday, September 29, 2009

Median Incomes Fall...

... which is no big surprise, is it?
According to the Associated Press ( no link ) the median income in 2008 for us workers was some $50,303 which is down from $52,163 in 2007. 2008 level is the lowest level since 1997. Middle income and poor Americans suffered the most, but, all groups did see declines in their cash.
The wealthiest 10% of Americans ($138,000 or more per year) earned some 114 times the average $12,000 made ny the working poor living near or below the poverty average. Poverty jumped up some 132%, an eleven year high.

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