According to the NY Times, new research found that household incomes declined more in the two years after the recession ended than it did during the recession itself—leading some to wonder if another recession is on its way. From June 2009 to June 2011, the median household income fell 6.7 percent to $49,900, while during the recession—December 2007 to June 2009—household income fell just 3.2 percent. Making matters even worse, the median income has been reduced while the unemployment rate has also fallen and many who are working have taken pay cuts. While economists generally agree the recession ended in June 2009, some are worried another recession is on its way based off this type of data. Family households had the largest drop and the disparity between those with a bachelor’s degree or more and those with a high school diploma grew even larger
Find out more at http://www.nytimes.com/2011/10/10/us/recession-officially-over-us-incomes-kept-falling.html?_r=1&hp
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