Back in January, President Obama was boasting that the economy had finally turned a corner. He called 2014 a "breakthrough year for America," and said "our economy is growing and creating jobs at the fastest pace since 1999." He went on to credit his "middle class economics" for producing these gains.
The latest income data, however, don't show anything like what Obama was describing. Real median family income fell in March, to $54,203, back to where it was in September 2009.
Sentier Research — which uses Census data to compile monthly income statistics — found that family incomes plummeted more after the recession than during the recession itself, bottoming out in mid-2011.Read the rest of the story HERE.
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