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2011-02-16

USA: Middle-class incomes have been stagnant for at least a generation

Incomes for 90% of Americans have been stuck in neutral, and it's not just because of the Great Recession. 
 
Middle-class incomes have been stagnant for at least a generation, while the wealthiest tier has surged ahead at lighting speed.

In 1988, the income of an average American taxpayer was $33,400, adjusted for inflation.

Fast forward 20 years, and not much had changed: The average income was still just $33,000 in 2008

CNN 2011-02-16

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