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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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Median Household Income Falls for the fourth straight year in 2011
After hitting $54,489 in 2007 (inflation adjusted), median household income has dropped by nearly $4,500:
2007 - $54,489
2008 - $52,546
2009 - $52,195
2010 - $50,831
2011 - $50,054
Median household income is defined by the U.S. Census Bureau as "the amount which divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount."
Read it all and you can find the full census report there.
Filed under: * Culture-Watch • History • * Economics, Politics • Economy • Personal Finance • The Credit Freeze Crisis of Fall 2008/The Recession of 2007--
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