US families make less than they did in 1989
America's middle class has seen its median income drop by $600 since 'The Simpsons' first went on the air.
According to the Census Bureau, median annual household income in the U.S. in 2012 was $51,017, less than the 2011 median of $51,100. That 2011 number followed two straight years of decline and is nowhere near the $56,080 average salary from 1999. In fact, 2012's real median household income is still 8.7% lower than it was in 2007, just before the recession.
Even by those mileposts, the news is discouraging for the middle class. But before those relative boom years just before the crash of the early 2000s and the absolute cratering of 2008, median income in 1989 -- right before the recession of the early '90s -- was an inflation-adjusted $51,681, according to The Washington Post's Wonkblog.
That means middle-class families have not gained any ground in the past 24 years. Worse, they actually lost more than 600 bucks over that time. The price of the average movie ticket then was $4, compared with $8 now. And the price of a gallon of gas hovered around a dollar, compared with the $3.60 average now. But sure, why not dock middle-class families a few Benjamins and see how the economy likes it?
For members of Generation X wondering whether all the angst they had as teens about being the first generation not to do as well as their parents was misplaced, fear not. It may be only a slight difference and the least of your worries. But middle-class Gen Xers are bringing home less than their parents were when they were sitting the family down for new episodes of "Doogie Howser," "Family Matters" and the first episodes of a little show called "The Simpsons."
That American incomes have changed roughly as much as the yellow, four-fingered, ageless cartoon family in the latter show should be cause for concern. Even with only Homer's salary at the Springfield nuclear power plant to support them, the Simpsons managed to grow from a Bart-led "Don't have a cow, man" novelty to a Homer-supported national icon with a movie deal.
In Simpsons terms, America's current middle class has regressed into badly drawn filler for The Tracy Ullman Show.
I know so many people on welfare, I've never seen anything like it! The black unemployment is enormous, SNAP for all, terrible underemployment, a health care bill no one wants. I don't know why folks still vote Democrat, they demonize those folks who do well for themselves, whether white, black, Asian, Hispanic, ect. Now, our families are losing money just trying to survive.
A life of bondage through Democratic welfare.
Any company that sets up shop outside of the bounds of the United States is Unamerican, and should be closed. Unless they want to continue the spiral of poverty for the poor and prosperity for the rich. All these businesses have done is increase the polarity of the poor and the rich, and one day the revolt is coming. There's still time to undo the damage, if only those CEO's would realize it, stop being motivated solely by profits and instead reinvent their patriotic spirit and employ Americans instead of aliens (no offense).
I am unsure how you expect any better. The people of this country have elected a president who has not one clue how to be president, a congress who best action is to do nothing. This country is adrift in every possible way. We will likely never recover from the Obama Abyss. The Food Stamp President will complete the destruction with Affordable Health Care. We have, as a society, lost all facets of caring, manners and a sense of what is right. We now celebrate deviancy.
The Obama Years.
One day we will all look back on the days of Obozo and laugh and curse the foulest of curses.
Obozo vacations while the country declines!
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
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