Friday, August 31, 2007

Happy Labor Day not quite so happy now as it was 7 years ago for many

A Sobering Census Report: Americans’ Meager Income Gains - New York Times
The median household income last year was still about $1,000 less than in 2000, before the onset of the last recession. In 2006, 36.5 million Americans were living in poverty — 5 million more than six years before, when the poverty rate fell to 11.3 percent. And what is perhaps most disturbing is that it appears this is as good as it’s going to get.
Well, that sucks. But I bet the President is richer now. And that's all that really matters, right?