Three Way News

Your Source. For everything. Really.


Current Poll

Best comic strip?

  • Bloom County
  • Boondocks
  • Calvin and Hobbes
  • Dilbert
  • Doonesbury
  • Far Side
  • Foxtrot
  • Get Fuzzy
  • Life in Hell
  • Peanuts
  • Pearls Before Swine
  • Pogo
  • Zippy the Pinhead
Free polls from

Recurring features

Hammer's Favorites

Jambo's Favories

Monday, December 05, 2005

Median households

Posted by: Hammer / 3:20 PM

Here's Krugman on GDP v. actual families:

It should have been a good year for American families: the economy grew 4.2 percent, its best performance since 1999. Yet most families actually lost economic ground. Real median household income - the income of households in the middle of the income distribution, adjusted for inflation - fell for the fifth year in a row. And one key source of economic insecurity got worse, as the number of Americans without health insurance continued to rise.

I'm a Krugman fan, but that strikes me as implausible. Is it really true that median income has fallen 5 years in a row?

Know what? I'm sure it is true. I'm sure median household income has fallen, though remained essentially flat, for the last 5 years. What I don't believe is that people re-elected the bonehead responsible for diverting our national wealth toward those whose pockets are already full to bursting.


Post a Comment

<< Home


Special Feeds

Fun with Google

Search Tools




Prior posts

  • T-Paw
  • Almost enough to make me get Showtime
  • Be aware!
  • King Midas in reverse
  • Wage growth
  • Paying for what you want to watch
  • Can one man make a difference?
  • It's official
  • Good for Kansas
  • Archives

    • Gone for now

    This page is powered by Blogger. Isn't yours? Site Meter Get Firefox!