Median Household Net Worth Has Dropped 43% in the Obamaconomy

Jun 2013
5,707
1,735
Katmandu
The increase in energy costs via Obama's war on coal through the EPA and disastrous Middle East policies along with increased health care costs from Obamacare will push many households to the breaking point.

http://finance.yahoo.com/blogs/daily-ticker/for-most-families--wealth-has-vanished-172130204.html

If you’re a typical family, you’re considerably poorer than you used to be. No wonder the “recovery” feels like a recession.

A new study published by the Russell Sage foundation helps explain why many families feel like they’re falling behind: They actually are. The study, which measures the average wealth of U.S. households by income level, reveals a startling decline in wealth nationwide. The median household in 2013 had a net worth of just $56,335 -- 43% lower than the median wealth level right before the recession began in 2007, and 36% lower than a decade ago.
 
May 2013
9,784
2,659
Northeast
Good point, the jobs created here in the Obamaconomy are part time minimum wage.
....And, CEOs LOVE IT!!!!

Constant (1996) dollars

1955 = $4.39 hr. * 2013 = $4.87 hr.

...But, EVERYTHING'S Temporary!!!
June 10, 2014

^_^​

"During a recent talk at Northwestern’s Kellogg School of Management, McDonald’s CEO Don Thompson indicated his support for legislation in Congress to raise the federal minimum wage. “I will tell you we will support legislation that moves forward,” he said. Later in the talk, Mr. Thompson continued, “McDonald’s will be fine. We’ll manage through whatever the additional cost implications are.”

It turns out that, contrary to the stale Republican talking points, one of the largest low-wage employers in the country does not have a problem with a higher minimum wage."


Stupid Freakin' BUBBLEHEADS!