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Income Slides to 1996 Levels
Keywords:
Earnings of the typical American man working full-time year round declined in 2010, and is now in inflation adjusted terms below the level in 1978, according to the U.S. Census Department. The income of a typical Ameircan family has declined for three consecutive years and is now at $49,445 for 2010. This is the level reached in inflation adjusted terms in 1996. 15.1% of the American people lived below the poverty line in 2010, and 22% of children lived below the poverty line. The poverty line is set at $22,314 for a family of four in 2010. Statisics from the U.S. Census Department.
Decline in household income in the U.S. 2009-2012
09/17/2010
Grouped Articles
Wall Street Journal 09/14/2011
Wall Street Journal 09/17/2010
Wall Street Journal 02/02/2012
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
Hiring Booms, but Soft Wages Linger
Wall Street Journal 01/10/2015
Recession Officially Over, U.S. Incomes Kept Falling
New York Times 10/09/2011
Incomes, and labor force participation rates in the U.S. for seniors over age 75
03/30/2010
The changing situation for Americans of retirement age.
Grouped Articles
Wall Street Journal 09/14/2011
Why Many Retirees Could Outlive a $1 Million Nest Egg
New York Times 06/08/2013
Low Interest Rates Are Squeezing Seniors
Wall Street Journal 03/30/2010
Chuck Schwab Is Worried About Small Investors. Should We Worry Too?
BusinessWeek 05/27/2010
Takeaways From the Monthly Jobs Report
Wall Street Journal 04/05/2014
Wall Street Journal 08/12/2014
The University of Wisconsin 2013 study showing declining life spans for women in some parts of the U.S. associated with income, graduation rates and smoking
03/11/2009
A study from the University of Wisconsin Population Health Institute by health sciences professor, David Kindig, and a PhD. candidate Erika Cheng, shows declining life spans for women in some parts of the U.S. in 2013. The study reveals the impact of smoking, education levels to understand good food choices, the income levels and availability of food choices in neighborhoods, graduation rates, as critical factors. Other factors cited in reader comments are increasing stress as women joined the workforce in larger numbers, obesity and poor eating habits.
Grouped Articles
Wall Street Journal 09/14/2011
Health Battle Over Soda Flares in Mexico
Wall Street Journal 08/28/2013
The Great Stagnation in American Education
New York Times 09/07/2013
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
Retailers Revive the Market in Womenâs Plus Sizes
New York Times 06/18/2010
Told to Eat Its Vegetables, America Orders Fries
New York Times 09/24/2010
Tackling middle class poverty in the U.S.- causes and strategies
03/11/2009
Shrinking incomes, low job growth, growth in temporary jobs, offshoring of jobs, are part of a trend since 1989. This is compounded by acceleration of developments during the last decade of low savings and paltry return on savings, effects on net worth of the financial crisis of 2008 through job losses, lost income, foreclosures, high cost of health care and college tution for children. The combination is creating a new kind of middle class poverty in the U.S. The Obama administration has pushed for college education even as it is becoming less affordable and neglected jobs training. The push to raise the minimum wage helps the poor but does not do as much for the middle class.
Grouped Articles
Wall Street Journal 09/14/2011
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
8 States to Raise Minimum Wage
New York Times 12/23/2011
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
New York Times 02/10/2010
Large income losses for people ages 55-64 and nearing retirement in the U.S.
05/27/2010
Grouped Articles
Wall Street Journal 09/14/2011
Why Many Retirees Could Outlive a $1 Million Nest Egg
New York Times 06/08/2013
Suddenly, Retiree Nest Eggs Look More Fragile
New York Times 06/15/2013
Chuck Schwab Is Worried About Small Investors. Should We Worry Too?
BusinessWeek 05/27/2010
The Case for Dividend Funds in Retirement
Wall Street Journal 04/15/2014
Hiring Booms, but Soft Wages Linger
Wall Street Journal 01/10/2015
A history of temp work and temp work companies in the U.S.
02/24/2011
How temp work gets institutionalized in the U.S. economy and the effects on worker protections and inequality.
Grouped Articles
Wall Street Journal 09/14/2011
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Patchwork of Local Wage Laws Fuels Debate Over Raising Federal Minimum
Wall Street Journal 12/01/2013
Amazon Wage Dispute Spreads Beyond Germany
Wall Street Journal 12/17/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
New Data Muddle Debate on Economic Mobility
Wall Street Journal 01/24/2014
The highly artificial nature of disposable income in the U.S. in 2010-2012
01/06/2009
One analyst calls it a dangerous aneuyrism. The U.S. consumer came out of the 2008 financial crisis with low savings and high debt. The additional consumer spending that is occurring in 2011 is coming from continued spending at high debt levels and is not sustainable according to experts.
Grouped Articles
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
BusinessWeek 02/17/2011
Families Slice Debt to Lowest in 6 Years
Wall Street Journal 03/11/2011
A U.S. Recovery Built on Low-Paying Jobs
BusinessWeek 02/24/2011
Wall Street Journal 03/17/2011
Income Data Reflect Recovery's Fitful Path
Wall Street Journal 03/24/2011
Consumer spending and the shift to lower paying and parttime jobs in the U.S. - 2010-2014
01/06/2009
Grouped Articles
Wealth Tide Doesn't Lift All Boats
Wall Street Journal 12/10/2013
Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
New York Times 04/27/2014
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
Elevated Level of Part-Time Employment: Post-Recession Norm?
Wall Street Journal 11/13/2014
Americans Pocketing What They Save on Gas, Retail Data Suggests
New York Times 01/14/2015
Shifts in customer buying habits in the U.S. auto industry that hurt GM, Ford and Chrysler in 2008-2009
04/12/2006
Shifts away from larger vehicles in the American auto industry. A significant shift was underway in the US auto industry by the middle of 2008 towards fuel efficient automobiles as gasoline prices went over $4.00 per gallon, and consumer net worth declined significantly with decline in housing and stock prices causing cuts in spending. The situation in 2008-2009 before the government led bailout and the planned bankruptcies of GM and Chrysler.
Grouped Articles
Ford Clips Toyota's Wings in California
Wall Street Journal 07/17/2013
Ford Remakes F-150, the Nation’s No. 1 Vehicle
New York Times 01/13/2014
Chrysler’s Fall May Help Administration Reshape G.M.
New York Times 05/03/2009
Why Gas Feels Cheap—and Why It’s Not, Historically Speaking
Wall Street Journal 01/04/2015
Ford and Chrysler Unveil Their Redesigned Pickups
New York Times 01/14/2008
Collapse in Demand For Large SUVs Leaves Owners in a Bind
Wall Street Journal 06/02/2008
Fast food marketing in a frugal market.
10/07/2009
Grouped Articles
$15 Wage in Fast Food Stirs Debate on Effects
New York Times 12/04/2013
More Ads for Basic Brands as Shoppers Spend Less
New York Times 10/07/2009
After 5 Short-Lived Campaigns, Wendy's Will Focus on Freshness
Wall Street Journal 10/08/2009
Pepsi Seeks Recipe in 'Age of Thrift'
Wall Street Journal 10/09/2009
Safeway Shifts Tactics in Grocery Price War
Wall Street Journal 10/16/2009
Spendthrift to Penny Pincher: A Vision of the New Consumer
Wall Street Journal 12/18/2009
In the U.S. a new frugality takes hold.
01/06/2009
Consumer buying habits in 2009 as job losses and foreclosures take their toll, shifts to frugality and more use of debit cards.
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Target Bets Credit Discount Will Lead to More Visits
Wall Street Journal 06/22/2010
Shoppers Still Stick To Payday Purchases
Wall Street Journal 08/30/2010
Philips's CEO Urges Local Strategies for Emerging Markets
Wall Street Journal 08/30/2010
P&G Investors Need a Little Pampering
Wall Street Journal 04/30/2009
Debit-Card Use Overtakes Credit
Wall Street Journal 04/30/2009
Frugal Shoppers Drive Grocers Back to Basics
Wall Street Journal 06/24/2009
Tesco and frugal consumer spending
01/06/2009
Grouped Articles
Tesco Posts Fall in First-Quarter Sales
Wall Street Journal 06/05/2014
Tesco Replaces CEO as Trading Weakens
Wall Street Journal 07/22/2014
Tesco Needs to Shrink Its Basket
Wall Street Journal 07/22/2014
Tesco Sales Crimped by Wary Consumers
Wall Street Journal 06/15/2011
A Tale of Two Shoppers: Life During the Slowdown
Wall Street Journal 09/12/2011
U.S. poverty rate reaches 15.1 percent - The Washington Post
Washington Post 09/13/2011
Wal-mart, the economy post 2008, and the Frugal Consumer.
08/29/2007
Grouped Articles
Target Bets Credit Discount Will Lead to More Visits
Wall Street Journal 06/22/2010
Philips's CEO Urges Local Strategies for Emerging Markets
Wall Street Journal 08/30/2010
Hispanics' Hard Times Hit Wal-Mart
Wall Street Journal 08/29/2007
Workers Get Fewer Hours, Deepening the Downturn
New York Times 04/18/2008
Pharmacies Fight Tough Battle on Generic Prices
Wall Street Journal 12/22/2008
Wal-Mart, Others See Tough Months Ahead; December Same-Store Sales Disappoint
Wall Street Journal 01/09/2009
Fragility of social cohesion in the U.S. with unemployment concentrated in the lower middle and working classes.
03/11/2009
Figures from the Center of Labor Market Studies of Northeastern University in Boston showing unemployment of 9% in the $40,000 to $50,000 annual household income group and going up to 31% at the lowest income group. Higher inequality as differences in education between lower income and higher income Americans grows. The problem of the long term unemployed is a serious one.
Grouped Articles
Wall Street Journal 09/14/2011
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
New York Times 06/22/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
The Great Stagnation in American Education
New York Times 09/07/2013
U.S. Federal Reserve report on the drop in incomes and net worth of American families between 2007-2010
01/02/2009
The Fed documents the impact of the financial crisis of 2008-2009 on American families. Half the middle class is dislocated financially by the crisis and minorites fare badly. Median incomes drop 8% and housing asset values drop an average of 42%. Median net worth down 39% taking it back to where it was in 1992. American families work down their debt, reducing credit card balances.
Grouped Articles
Wall Street Journal 09/14/2011
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Americaâs Sinking Middle Class
New York Times 09/18/2013
Wall Street Journal 09/17/2010
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Wall Street Journal 04/04/2009
The shift to part-time workers, lower incomes and the U.S. unemployment rate- 2008 -2014
03/08/2008
Grouped Articles
Wall Street Journal 09/14/2011
New York Times 06/22/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Wall Street Journal 08/12/2013
Wall Street Journal 09/17/2010
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
Reversing the decline in U.S. median household income
09/17/2010
Grouped Articles
Wall Street Journal 09/14/2011
Wall Street Journal 09/17/2010
Wall Street Journal 02/02/2012
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
Letâs Admit It: Globalization Has Losers
New York Times 10/15/2011
No Money for a Living Wage? But Fat Abounds
New York Times 11/29/2011
Poverty among white Americans in 2010-2015
03/11/2009
A previous generation could count on good jobs in manufacturing with only a high school education. The last two decades of globalization have hit manufacturing jobs and wages in the U.S. hard and the impact is greatest on people without a college education. Other problems aggravating income and causing poverty is the increase of dropout rates from the labor force of young white American men, the effects of drug use and the lack of stable marraiges. This creates an underclass of whites in America, similiar to the underclass among minorities.
Grouped Articles
Racial Wealth Gap Widened During Recession
New York Times 04/28/2013
Wall Street Journal 09/14/2011
New York Times 06/22/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
New York Times 02/10/2010
Household debt, income and savings in the U.S.- 2010-2015
02/05/2008
Grouped Articles
Wall Street Journal 02/02/2012
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
Economy Fitful, Americans Start to Pay as They Go
New York Times 02/05/2008
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
Wall Street Journal 04/04/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
Increasing U.S. taxes on the middle class
04/12/2009
The Wall Street Journal points to the facts that Warren Buffett does not cover in his plea for higher taxes on billionaires like himself who paid only 17% in taxes in 2010. Buffett made most of his income in capital gains and dividends that are taxed at 15%. That income was already taxed at 35% as corporate income and the 15% on top of that brings the total tax to about 45%. Buffett could write the IRS a check or support taking away the deduction for charitable contributions which is how Buffett contributes to his foundations. For most of the middle class couples making $250,000 for a few years of their life- and much of it going to high university tution payments for kids- the higher taxes make a difference compared to the Buffetts of the world. This is part of the debate on taxes in the U.S. at the time of the fiscal cliff negotiations in Dec. 2012.
Grouped Articles
Americaâs Sinking Middle Class
New York Times 09/18/2013
New York Times 04/12/2009
Wall Street Journal 08/17/2011
Wall Street Journal 08/17/2011
A Disciplined and Driven 'Connect-the-Dots' Investor
Wall Street Journal 09/14/2011
Wall Street Journal 09/14/2011
The U.S. savings rate as the American public shifts to less spending, debt reduction, and higher savings after the economic crisis in 2008-2009.
02/05/2008
The increase in the savings rate as saving takes precedence.
Grouped Articles
Economy Fitful, Americans Start to Pay as They Go
New York Times 02/05/2008
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
Wall Street Journal 04/04/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
The Doomsayers Who Got It Right
Wall Street Journal 01/02/2009
U.S. Savings Rate at Highest Point in 15 Years
New York Times 06/27/2009
Increasing correlation between the U.S. discretionary consumer sector and the energy sector
05/17/2011
Consumer spending holds up in the face of higher gasoline prices. A number of reasons offered for this- a large portion of consumer spending coming from affluent households, the rebound in stocks, the higher fuel efficiency of vehicles in 2011 reducing the impact of higher gasoline prices, and low natural gas prices so that electricity prices are not affected.
Grouped Articles
In Consumer Behavior, Signs of Gas Price Pinch
New York Times 05/17/2011
Wall Street Journal 09/14/2011
Gas-to-Liquid Site May Hit $10 Billion
Wall Street Journal 09/14/2011
Hybrids' Unlikely Rival: Plain Old Cars
BusinessWeek 02/23/2012
Why Are Investors Fleeing Equities? Hint: Its Not the Computers
New York Times 08/06/2012
Frugality at the retail level- and competition in pricing.
10/06/2009
Grouped Articles
Target Bets Credit Discount Will Lead to More Visits
Wall Street Journal 06/22/2010
BusinessWeek 07/29/2010
Shoppers Still Stick To Payday Purchases
Wall Street Journal 08/30/2010
Philips's CEO Urges Local Strategies for Emerging Markets
Wall Street Journal 08/30/2010
Wal-Mart Sharpens Its Pricing Pincers
Wall Street Journal 10/06/2009
Spendthrift to Penny Pincher: A Vision of the New Consumer
Wall Street Journal 12/18/2009
P&G (Procter & Gamble) and the frugal U.S. consumer
01/06/2009
Grouped Articles
Rinse and Repeat Could Clean Up P&G
Wall Street Journal 05/24/2013
P&G to Cut Package Sizes for Diapers
Wall Street Journal 09/08/2013
BusinessWeek 07/29/2010
Shoppers Still Stick To Payday Purchases
Wall Street Journal 08/30/2010
A Tale of Two Shoppers: Life During the Slowdown
Wall Street Journal 09/12/2011
U.S. poverty rate reaches 15.1 percent - The Washington Post
Washington Post 09/13/2011
The Frugal American Customer
01/06/2009
Trends observed by Walmart and other stores. Observations by others. Frugal U.S. consumers and shoppers.
Grouped Articles
Target Bets Credit Discount Will Lead to More Visits
Wall Street Journal 06/22/2010
Shoppers Still Stick To Payday Purchases
Wall Street Journal 08/30/2010
Philips's CEO Urges Local Strategies for Emerging Markets
Wall Street Journal 08/30/2010
Wal-Mart Angles to Keep Those Who Traded Down
Wall Street Journal 10/02/2009
More Ads for Basic Brands as Shoppers Spend Less
New York Times 10/07/2009
Retail and the Rise of the Frugal Consumer
Wall Street Journal 10/07/2009
America's middle class falling behind with typical household income at the same level after 25 years
09/14/2011
Linked Articles
Wall Street Journal 09/14/2011
Americaâs Sinking Middle Class
New York Times 09/18/2013
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