Arab Today, arab today us incomes \fell more after than during recession\
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

US incomes \'fell more after than during recession\'

Arab Today, arab today

Arab Today, arab today US incomes \'fell more after than during recession\'

Washington - AFP

US household incomes fell more in the two years following the end of the recession than during the downturn itself, according to a Washington Post report published on its website. A study by two former Census Bureau officials said inflation-adjusted income fell 6.7 percent between June 2009 -- when the recession ended -- and June 2011, the newspaper said. During the recession -- from December 2007 to June 2009 -- household incomes fell less than half of that, 3.2 percent, according to the report. The bigger drop in the two years after the recession suggests why Americans feel a growing sense of anxiety about the nation\'s economic prospects even as the economy has been growing since the recession ended. The data was compiled by former Census officials Gordon W. Green Jr and John F. Coder, who described the cumulative drop in income since the start of the recession to this June as \"a significant reduction in the American standard of living.\" A stumbling economy is the biggest barrier to President Barack Obama winning a second term in office, with unemployment stuck at 9.1 percent and faltering growth and a debt crisis in the eurozone fueling fears of a second recession. The report follows an official Census Bureau study last month that showed the US poverty rate rose sharply in 2010 to 15.1 percent, the highest since 1993, from 14.3 percent a year earlier. It was the fourth consecutive rise in the number of people below the poverty line, to 46.2 million. The US definition of poverty is an annual income of $22,314 for a family of four, and $11,139 for a single person in 2010.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us incomes \fell more after than during recession\ Arab Today, arab today us incomes \fell more after than during recession\

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us incomes \fell more after than during recession\ Arab Today, arab today us incomes \fell more after than during recession\

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday