Why Retail Sales Are Faltering: Bottom 60% Of Households Have No Real Income Gains Since 2008

.... average income of households in the top 20% grew by $8,358 per year from 2008 through 2012. But the lowest 20% saw their already minimal incomes get whittled down by $275 per year. The earnings of the second and third quintiles increased only $143 and $69 per year. So for the bottom 60% combined, there really wasn’t any improvement....
To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.