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The economy
by T Sat Oct 07, 2017 1:30 pm
A little trivia
2010 - 2013: Median family income dropped 5% - this reflected the Great Recession's lingering adverse effects caused by the lack of banking oversight and Bush Administration policies
2013 - 2016: Median family income rose 9.6% ($48,100 to $52,700), and median incomes rose 10% for African-Americans and 15% for Hispanics - result of Obama Administration policies
*All changes are adjusted for inflation and expressed in 2016 dollars.
SOURCE: Federal Reserve
2010 - 2013: Median family income dropped 5% - this reflected the Great Recession's lingering adverse effects caused by the lack of banking oversight and Bush Administration policies
2013 - 2016: Median family income rose 9.6% ($48,100 to $52,700), and median incomes rose 10% for African-Americans and 15% for Hispanics - result of Obama Administration policies
*All changes are adjusted for inflation and expressed in 2016 dollars.
SOURCE: Federal Reserve
T- Number of posts : 3862
Registration date : 2008-06-23
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