Friday, September 20, 2013

Going for broke: The multiple lost decades of US household income. Is it possible to have a recovery while the standard of living collapses?

Going for broke: The multiple lost decades of US household income. Is it possible to have a recovery while the standard of living collapses?:
"Adjusting for inflation, American families are making what they did in 1989.  
How long ago was this?  
The most popular shows on TV were The Cosby Show and Roseanne.  
In other words, this was a generation ago.
The standard of living continues to decline for many but for others the bailouts are working out magnificently like rubbing on a central bank genie lamp.
The Fed is going for broke here but only a small portion of our population is really coming out ahead."
real household income

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