By YUVAL ROSENBERG, The Fiscal Times:
Median household incomes adjusted for inflation fell 1.5 percent to $50,054. That’s 8.1 percent lower than it had been in 2007, the year before the recession, and almost 9 percent lower than the peak income level reached in 1999. The last time median household income was lower was 1995 – meaning it’s been a lost decade and a half for Americans looking to get ahead.
The gross domestic product has gone from $7.4 trillion to $15.1 trillion in current-dollar terms over that time, suggesting that families have fallen behind even as the economy has expanded.