us incomes \fell more after than during recession\
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
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*

us incomes \fell more after than during recession\ us incomes \fell more after than during recession\

 



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*

us incomes \fell more after than during recession\ us incomes \fell more after than during recession\

 



GMT 21:23 2016 Tuesday ,15 November

Bill Gates: Saudi youth key to realizing Vision 2030

GMT 13:55 2017 Sunday ,05 February

Iran dismisses UAE "interference" allegations

GMT 07:21 2017 Monday ,13 February

Libyan jets raised Qaeda strongholds in Ras Lanuf

GMT 05:11 2016 Wednesday ,16 November

Egyptian company opens largest gold refinery in Ghana

GMT 11:30 2017 Monday ,25 December

Kuwait's Zain may rise after Q2 beats estimates

GMT 22:48 2017 Friday ,22 December

Electricity minister receives author

GMT 23:15 2017 Monday ,18 December

Dubai Police transform 100 percent of services

GMT 00:01 2017 Friday ,10 March

Prime Minister Meets Moroccan Prime Minister

GMT 23:02 2017 Monday ,09 October

UK’s May signals foreign minister Boris Johnson

GMT 17:51 2017 Saturday ,09 December

Merkel to meet SPD after it gives blessing
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday