U.S. Incomes Stagnant Through 2021

lajikal

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Aug 6, 2009
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This is if the u.s. doesn't go into another recess.

Americans' incomes have dropped since 2000 and they aren't expected to make up the lost ground before 2021, according to economists in the latest Wall Street Journal forecasting survey.

From 2000 to 2010, median income in the U.S. declined 7% after adjusting for inflation, according to Census data. That marks the worst 10-year performance in records going back to 1967. On average, the economists expect inflation-adjusted incomes to rise over the next decade, but the 5% projected gain isn't enough to reach prerecession levels.

"Standards of living in the U.S. will continue to decline as we deleverage and emerging markets take over as the growth engine of the global economy," says Julia Coronado of BNP Paribas.
http://online.wsj.com/article/SB10001424052970204774604576628981208827422.html?mod=googlenews_wsj