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Friday, August 24, 2012

Household Income Decreased More In Obama's 'Recovery' Than During Recession

By Susan Duclos

Not only has Obama's recovery been called the feeblest recovery since the Great Depression, but now a Sentier Research report shows some of the actual data that hammers the point home.

From June 2009 to June 2012, during Barack Obama's so-called "recovery", inflation-adjusted median household income fell 4.8 percent.

The breakdown:

Over the past three years, the inflation-adjusted median income of households headed by whites was down 5.2 percent, to $56,255. Households headed by blacks sustained a staggering 11.1 percent drop in median income. Hispanic-led households saw their real income decline by 4.1 percent over the same period, the report said.

The chart provided visually makes the point:

The Sentier press release is embedded below:

Sentier Research Press Release Recovery Income