• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Americans see biggest monthly income drop in 20 years

hypocritexposer

Well-known member
Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years. - Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That's the most dramatic decline since January 1993, according to the Commerce Department

http://money.cnn.com/2013/03/01/news/economy/income-spending-saving/
 

Mike

Well-known member
hypocritexposer said:
Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years. - Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That's the most dramatic decline since January 1993, according to the Commerce Department

http://money.cnn.com/2013/03/01/news/economy/income-spending-saving/

If the American public can suck it up after losing 3.6% of it's income. The U.S. Gov't can man up & cut 2.4% no problem. Let the sequester begin. Our grandchildren may thank us.
 
Top