The Economic Expansion Is Helping the Middle Class, Finally - News Summed Up

The Economic Expansion Is Helping the Middle Class, Finally


PhotoFor example, the median household income numbers released Tuesday aren’t adjusted for changes in the size of a typical household. Shifts in how many people marry, divorce or cohabitate can shift the apparent median household income without changing the underlying economic well-being of the middle class. How This Expansion Stacks Up By many measures, the current expansion has been better for Americans’ incomes than the mid-2000s expansion. So how does the current economic expansion stack up according to some of the more readily available measures of income? The median household still makes 1.6 percent less in inflation-adjusted terms than it did in 2007, before the global financial crisis.


Source: New York Times September 13, 2016 18:26 UTC



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