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Average American Family Income Declines AP Friday, 24 February 2006 01:19:13 EST
Average family incomes, after adjusting for inflation, fell to $70,700 in 2004, a drop of 2.3 percent when compared with 2001. That was the weakest showing since a decline of 11.3 percent from 1989 to 1992, a period that also covered a recession.
The average incomes had soared by 17.3 percent in the 1998-2001 period and 12.3 percent from 1995 to 1998 as the country enjoyed the longest economic expansion in history.
[ During the Clinton years, no one told you that the Internet boom wasn't free - it was fake wealth based on false projections, and now you have to pay. The entire capitalist economic is such a Ponzi scheme, which is why every forty years or so it blows up and we the people face the economic carnage. ]
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