Household Income's Downward Slide

November 2009
Journal of Financial Planning;Nov2009, Vol. 22 Issue 11, p10
Academic Journal
The article reports on the financial forecast for median household income by the Economic Policy Institute in the U.S. Reportedly, a decline of 2,456 dollars is predicted for 2009 and a 601 dollars drop for 2010. These show in a 9.3% income loss for the usual household from 2007 to 2010. In addition, the Institute notes that this is due to a period of already slightly declining incomes between 2000 and 2007.


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