Billy’s Economic Orgasm Ain’t So Hot After All
by Brandon Ruiz • Aug 20th, 2007 at 8:14 pm • 0 comments
So I logged onto my google homepage today and was greeted with this story in my Top News Stories section. It’s a good article about how the average incomes for Americans have still not recovered to the highs 0f 2001. Particularly interesting was this passage:
“Total income listed on tax returns grew every year after World War II, with a single one-year exception, until 2001, making the five-year period of lower average incomes and four years of lower total incomes a new experience for the majority of Americans born since 1945.”
So, anyone still wonder why people are pessimistic about the economy when for the first time in most working people’s lifetimes incomes have failed to rise?
