{"id":1251,"date":"2011-10-10T20:18:34","date_gmt":"2011-10-11T00:18:34","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1251"},"modified":"2011-10-10T20:18:34","modified_gmt":"2011-10-11T00:18:34","slug":"median-u-s-household-income-continues-to-fall-after-the-recession-financial-news","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/10\/median-u-s-household-income-continues-to-fall-after-the-recession-financial-news\/","title":{"rendered":"Median U.S. Household Income Continues to Fall after the Recession &#8211; Financial News"},"content":{"rendered":"<p>Gordon W. Green Jr. and John F. Coder, former Census Bureau officials, wrote a report based on Census data that explored household incomes during and after the recession. They found that starting in June 2009, at the official end of the recession, up to June 2011, the inflation-adjusted median household income fell 6.7 percent to $49,909.<\/p>\n<p>This is a significant drop from the 3.2 percent decrease experienced between Dec. 2007 and June 2009\u2013the official period of the recession as determined by the National Bureau of Economic Research.<\/p>\n<p>Researchers found a possible reason for this is a freeze in pay, which has remained stagnant or even dropped in many cases\u2013a large number of people who lost their jobs during the middle or end of the recession remained out of work for months and took pay cuts in order to be hired again.<\/p>\n<p>A separate study conducted by Henry S. Farber, an economics professor at Princeton, revealed that people who lost jobs in the recession and later found work earned an average of 17.5 percent less than they had in their old jobs.<\/p>\n<p>via <a href=\"http:\/\/www.gobankingrates.com\/post-recession-median-u-s-household-income-continues-to-fall\/\">Median U.S. Household Income Continues to Fall after the Recession &#8211; Financial News for the Best Bank Rates | Go Banking Rates<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gordon W. Green Jr. and John F. Coder, former Census Bureau officials, wrote a report based on Census data that explored household incomes during and after the recession. They found that starting in June 2009, at the official end of the recession, up to June 2011, the inflation-adjusted median household income fell 6.7 percent to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/10\/median-u-s-household-income-continues-to-fall-after-the-recession-financial-news\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Median U.S. Household Income Continues to Fall after the Recession &#8211; Financial News&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34],"tags":[1727,2880,3551],"class_list":["post-1251","post","type-post","status-publish","format-standard","hentry","category-us-canada-countries-regions","tag-household-incomes","tag-recession","tag-us"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Median U.S. Household Income Continues to Fall after the Recession - Financial News - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Median U.S. Household Income Continues to Fall after the Recession - Financial News - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Gordon W. Green Jr. and John F. Coder, former Census Bureau officials, wrote a report based on Census data that explored household incomes during and after the recession. 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That\u2019s 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\u2026","rel":"","context":"In &quot;US &amp; Canada&quot;","block_context":{"text":"US &amp; Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5678,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/04\/how-obama-and-biden-buried-the-middle-class\/","url_meta":{"origin":1251,"position":1},"title":"How Obama and Biden Buried the Middle Class","author":"Colin Twiggs","date":"October 4, 2012","format":false,"excerpt":"By EDWARD MORRISSEY Is this a political inconvenient truth? Has the middle class been \u201cburied\u201d 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 \u201crecovery\u201d that\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4619,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/15\/the-institute-for-fiscal-studies-biggest-one-year-fall-in-middle-incomes-since-1981\/","url_meta":{"origin":1251,"position":2},"title":"The Institute For Fiscal Studies &#8211; Biggest one-year fall in middle incomes since 1981","author":"Colin Twiggs","date":"June 15, 2012","format":false,"excerpt":"\u201cThe fall in median income in 2010\u201311 of 3.1% was the largest one-year fall since 1981 and returned it to the level last seen in 2004\u201305,\u201d says Jonathan Cribb, a Research Economist at the IFS. \u201cThis was driven largely by a decline in real earnings as the impact of the\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5432,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/raising-taxes-73-of-nothing-is-nothing\/","url_meta":{"origin":1251,"position":3},"title":"Raising taxes: 73% of nothing is nothing","author":"Colin Twiggs","date":"September 12, 2012","format":false,"excerpt":"President Francois Hollande recently increased the top income tax rate in France to 75 percent -- for incomes in excess of \u20ac1 million. This is part of a wider trend with President Obama targeting the wealthy in his election campaign, promising to raise taxes on incomes in excess of $1\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48870,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/02\/22\/conference-board-leading-index-no-longer-signals-recession\/","url_meta":{"origin":1251,"position":4},"title":"Conference Board | Leading Index no longer signals recession","author":"Colin Twiggs","date":"February 22, 2024","format":false,"excerpt":"The Conference Board Leading Economic Index\u00ae (LEI) for the U.S. fell by 0.4 percent in January to 102.7 (2016=100).... LEI contracted by 3.0 percent over the latest six-months and 7.1 percent over 12 months. \"The U.S. LEI fell further in January, as weekly hours worked in manufacturing continued to decline\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Conference Board Leading Indicator","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-22-lei.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-22-lei.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-22-lei.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":54477,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/06\/14\/54477\/","url_meta":{"origin":1251,"position":5},"title":"Australian households feel the pain","author":"Colin Twiggs","date":"June 14, 2024","format":false,"excerpt":"Australian unemployment increased to 4.0% in May but that's not the full picture. Unemployment declined to 4.0% from 4.1% in April, but the trend increased to 4.0% from 3.9%. Increases remain low compared to pre-pandemic rates of unemployment. Underemployment and trend both remained steady at 6.7%. Again, rates are lower\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Unemployment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-13-aus-u3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-13-aus-u3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-13-aus-u3.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1251"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1251\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}