September 17, 2015

FUNDAMENTALLY TRANSFORMED: Why Americans Still Think the Economy Is Terrible. “The median American household in 2014 had a lower income, in inflation-adjusted terms, than it did in 2013. The $53,657 the household in the middle of the income distribution earned last year was down 1.5 percent from the year before. . . . The 2014 real median income number is 6.5 percent below its 2007, pre-crisis level. It is 7.2 percent below the number in 1999. A middle-income American family, in other words, makes substantially less money in inflation-adjusted terms than it did 15 years ago.”

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