<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/43fb6308-47de-4431-af3e-8cbd357c8b0a/DD0F342A-63FB-4AF9-A86C-1883C6E36459/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://globalguerrillas.typepad.com/johnrobb/2009/09/a-lost-decade-for-us-households-try-a-lost-generation-or-two.html" href="http://globalguerrillas.typepad.com/johnrobb/2009/09/a-lost-decade-for-us-households-try-a-lost-generation-or-two.html" style="font-size: 11px;">globalguerrillas.typepad.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://globalguerrillas.typepad.com/johnrobb/2009/09/a-lost-decade-for-us-households-try-a-lost-generation-or-two.html"><H3 class="entry-header">A Lost Decade for US Households? Try a lost Generation (or two)!</H3> <DIV class="entry-content"> <DIV class="entry-body"> <P><A href="http://globalguerrillas.typepad.com/.a/6a00d83451576d69e20120a563543a970b-pi"><IMG border="0" title="Povertyincome2" src="http://globalguerrillas.typepad.com/.a/6a00d83451576d69e20120a563543a970b-120pi" class="at-xid-6a00d83451576d69e20120a563543a970b" alt="Povertyincome2" /></A> </p> <P>This is hilarious -- in that a set of indicators that clearly delineates a prolonged and precipitous decline <EM>of America</EM> gets so little coverage, zero outrage, and generates complete inaction.</P></DIV></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://globalguerrillas.typepad.com/johnrobb/2009/09/a-lost-decade-for-us-households-try-a-lost-generation-or-two.html"><A href="http://economix.blogs.nytimes.com/2009/09/10/poverty-rate-rises/">The Census Bureau reported</A> that median household incomes slid over the last decade.  Of course, this new figure also means that household incomes only increased ~$5k (inflation adjusted dollars) or ~11% over 35 years!  All of this so called gain has to do with improvements in the household's <EM>second</EM> income. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://globalguerrillas.typepad.com/johnrobb/2009/09/a-lost-decade-for-us-households-try-a-lost-generation-or-two.html">(I suspect that the total number of hours worked by the family went up much more than 11%).</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://globalguerrillas.typepad.com/johnrobb/2009/09/a-lost-decade-for-us-households-try-a-lost-generation-or-two.html">On the income side alone (counting education), it's a glide path to failure.  Add in rising household expenses (health, housing, autos, etc.) and debt (over leverage) -- the term collapse comes readily to mind.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/DD0F342A-63FB-4AF9-A86C-1883C6E36459/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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