median household income Archives - the patient investor %

By EDWARD MORRISSEY

Is this a political inconvenient truth? Has the middle class been “buried” the last four years? By any measure, the middle class has certainly lost ground. Median household income has declined each of the last four years, a decline which has accelerated during the Obama “recovery” that started in June 2009. Median household income dropped 2.6 percent during the Great Recession, but has dropped 4.8 percent in the three years since.

via How Obama and Biden Buried the Middle Class.

Colin Twiggs

Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.

“The fall in median income in 2010–11 of 3.1% was the largest
one-year fall since 1981 and returned it to the level last seen in
2004–05,” says Jonathan Cribb, a Research Economist at the IFS. “This was driven largely by a decline in real earnings as the
impact of the late 2000s recession on incomes finally started to become clear. Inequality also fell as those on benefits had their
incomes relatively better protected. Looking ahead, our forecasts
suggest that median incomes will have fallen further in 2011–12
and median incomes will be no higher in 2015–16 than they
were in 2002–03.”

via The Institute For Fiscal Studies – Biggest one-year fall in middle incomes since 1981.

Colin Twiggs

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.