Biblical Times

Lord, please help me to know and do your Will.

We Feel Poorer Because We Are Poorer

Asylum Watch

Today’s post complements yesterday’s post in which we talked about the faux recovery America has experienced since the so-called Great Recession of 2008. Monty Pelerin’s World has posted a graph and a chart that demonstrate clearly why most Americans are having a harder time making ends meet today than they were a decade or so ago. The following graph shows that most working
Americans have seen their nominal income increase over the last 14 years; but their real income after taxes and inflation has fallen by about 9% on average.

medianincome

A fortunate few have earned promotions every three or four years and as a result their quality of life has improved. Everyone else and especially those on fixed incomes have taken a serious beating.

The Federal Reserve has been telling the public for years that inflation is a non-issue. For the average American, this chart shows clearly just how big…

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Author: Screenshot

Internet news junkie, bustling online #VintageBling merchant, sporadic yet passionate news blogger, blunt essayist, nature photographer, truth seeker, avid backyard gardener, blues harmonica virtuoso [and a grrl at that], thoughtful Cherokee shaman, Jesus follower. Newly arrived at neither Left nor Right, but thriving high above Center: variously amused, inspired or impervious to it all. Go figure. Seek me and ye shall find me. I'm always around. :-) I'm on Twitter @CherokeeBluetp.

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