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Politics : American Presidential Politics and foreign affairs
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To: LLCF who wrote (61688)1/25/2013 9:38:48 PM
From: LLCF  Read Replies (1) of 71588
 
"The Economist":

<<In 2010, the typical American household earned an inflation-adjusted income of $49,445, scarcely different from that in 1989....... incomes are at roughly the level of the late 1970s for those near the bottom of the income spectrum. From a real income perspective, the American economy has already experienced a lost decade, but for the median household the picture is one of a generation of stagnation.>>


So let's see..... if government inflation data is slanted by hedonic pricing mechanism.... ummm, then....


DAK
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