Finance

Personal Incomes Fall More During ‘Recovery’ Than During The Recession

America’s longest economic recession since WWII, ended in June of 2009. The recession’s end means that our economy has allegedly been in recovery mode since July of 2009, more than two and a half years.

If we are in recovery, why have American’s incomes dropped more during the recovery than they did in the recession? The facts are clear.

Personal incomes fell during the recession by 3.2%.

During the recovery (since July 2009), personal incomes have fallen an additional 6.7%.

Those numbers were posted in a report by Sentier Research using numbers provided by the U.S. Census. (The RED line is the Household Income Index)

Incomes Fall More In The Recovery Than The Recession

 

The Obama administration has been touting the “recovery” of the American economy and yet this recent data seems to demonstrate that the average household is still waiting for some of the benefits seen in the stock market.

Jeff Anderson of The Weekly Standard drilled deeper into the Sentier report and found even more information that might be cause for concern in the White House.

The income drop was steeper for those under 25 years of age (their incomes were down 9.5 percent), for those between 25 and 34 years of age (down 9.8 percent), for black Americans (down 9.4 percent), for families with three or more children (down 9.5 percent), and for families headed by part-time workers (down 11.5 percent).

Young people and African Americans were two of the strongest voting blocks for Barack Obama in the 2008 election. Seeing that both of those groups are being hit harder than the rest of the population represents an opportunity for the GOP and a challenge for Obama.

You can read the rest of Jeffery Anderson’s analysis in the Weekly Standard HERE.

Comments (110)

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  • RodT82721
    Posted on January 4, 2012 at 11:02am

    Herman Cain on Fox Business last night made an interesting comment.
    He noted that 45% of Americans think Barry is doing a good job! That he said, is the results of the ignorant and the gullible voters.
    When you add to that the entire progressive media, loudly regurgitating the White House talking points day after day, you began to understand the hill Republican’s will have to climb to remove Barry in ‘12! As an example.
    Barry goes on nation wide TV complaining that Republicans are partisan (and want dirty water and to poison your air!), while he stops the Keystone pipeline (20K jobs), drilling in the gulf and off shore and funnels billions of tax payer funds to his money bundlers for ‘green’ projects that are complete failures!
    All to the cheers of the media and that really obnoxious DNC puppet Debbie Whatsername.

    Report Post »  
    • Grillmark55
      Posted on January 4, 2012 at 12:46pm

      Barry Urkel has an unbounded and untruthful press – for now. Once there is a Republican candidate Urkle will HAVE to address the issues that he and the press have dodged for three years. That is as long as we get a candidate that has some guts.

      Report Post » Grillmark55  
    • kung
      Posted on January 4, 2012 at 2:33pm

      The media will continue to keep those Americans ignorant of Obama’s ruinous fiscal policies by keeping their eyes on the social issues: gay marriage, abortion, etc. a tried and true political diversionary tactic.

      Report Post »  
    • AvengerK
      Posted on January 4, 2012 at 3:09pm

      The Blaze hasn’t got the mem? Obama will “save and create” higer incomes.

      Report Post »  
    • adastra2005
      Posted on January 4, 2012 at 4:50pm

      Well said. We are ruined. I fear America isn’t smart enough any longer to make the right choice(s). 90 years of “Progressive” effort has so mutated our nation that we no longer understand liberty nor recognize tyranny.

      The simple fact that any American thinks Obama should be re-elected is a disgrace.

      Report Post »  
    • pebbles
      Posted on January 4, 2012 at 6:23pm

      It doesn’t matter what Herman Cain or any other people say about BO. He will be reelected.
      He was put in office by controlling factors we have been unaware of. Heard of the Illuminaty? They have an agenda that has not been fulfilled as yet, but they are very nearly to the end of their goal.
      Why do you think this puppet feels he can do whatever he pleases, passing laws over the heads of the HOR and Congress? The media is also in on it. Create a diversion so “the people” will not be aware of what is truly happening in this world. Don’t be fooled, the people are nothing more than sheeple, doing the bidding of their masters, the governments of the world. The elections are nothing short of a play with many acts. All of these politicians are as crooked as hell, and care only for themselves. They have sold out to provide themselves with whatever. I know this sounds crazy, but we are truly living in “The Twilight Zone”. Doubt what I say??? Go to youtube.com and type in Nibiru update. Then type in area 51 underground containment areas. Then……read as much as you can from these sites, and make up your own minds.

      Report Post »  
    • Cause4Liberty
      Posted on January 4, 2012 at 10:59pm

      <> You have got to be kidding me? Unemployment rate thru the roof and a dewindling of the average American income? This is a recovery? What about the thousands of people who are no longer looking for work or cant find a job? What about the thousands whom are NOT receiving unemployment benefits anymore? The U.E. rate is a complete joke. This nation IS not in a recovery….

      *This is the destruction of the middle class. This is “the Rich get richer, the poor get poorer.” Welcome to the USSA.

      Report Post » Cause4Liberty  
  • sbenard
    Posted on January 4, 2012 at 10:53am

    The recovery… that wasn’t!

    Report Post » sbenard  
    • HorseCrazy
      Posted on January 4, 2012 at 11:36am

      exactly. my income savings all of it went down since I am now paying for my unemployed relatives to live under obama’s recovery. thanks for that obummer

      Report Post »  
    • crackerone
      Posted on January 4, 2012 at 12:29pm

      Wait till the cost of health care kicks in and gas prices hit $5-6 a gallon. Even the Hollywood lib-tards will be screaming for his head!

      Report Post »  
  • april 12 1861
    Posted on January 4, 2012 at 10:53am

    I’m self employed. My income was cut in half last year.

    Reason, my clients are laying people off during times when they should be booming. They have cut the services I offer to the bare bone.

    The only customers I have that are doing well either sell out side of the US or sell to the federal government.

    This will not end well.

    Report Post » april 12 1861  
    • Ernie Kaputnik
      Posted on January 4, 2012 at 12:19pm

      Agreed. I am self-employeed also and have noticed the same thing from my clients. They are laying off people in big numbers and are not reinvesting or expanding. Fortunately for me, my consulting services are in big demand as a result of the layoffs, which allows me to hire some of the people that are being laid-off, but not so much that I can hire all of them.

      Obama is killing our economy, but many people are too damn stupid to see it, including those that have lost their jobs due to Obama’s policies. (FYI…I don’t hire those idiots. If they are too stupid to recognize the reasons for their demise, they are too stupid to work for me.)

      Ernie

      Report Post »  
    • VigilantGuardShark
      Posted on January 4, 2012 at 12:38pm

      I work for a city government, Public School, and my income has been frozen for the last year and looks to be frozen for the next as well. If the US government would freeze the amount of money it spent annually we could very likely grow out of the debt crisis eventually, unfortunately my income freeze is causing my family hardship due to the rise in the cost of all products which I thought wasn’t supposed to exist…inflation being near zero. Yeah and monkeys will be flying out of my left nostril next.

      Report Post »  
    • D-Fence
      Posted on January 4, 2012 at 12:50pm

      Not surprised, just disappointed. I’m also self employed. Did anyone ever notice how acceptable it is now for unemployment numbers to be so high? Something to the effect of: “First time filers are down to 396,000 from 400,000+. At least we’re adding jobs!” Like that is acceptable. GET THIS IDIOT OUT OF OFFICE!!!!! FIRE EVERYONE IN CONGRESS!!!!! TERM LIMITS!!!!! Whatever happended to the part time government reprsentative who left his congressional duties to return to his business?

      Report Post » D-Fence  
    • Protoham
      Posted on January 4, 2012 at 11:38pm

      @ D Fence

      You are missing the point, Congress is doing exactly what we want them to do. Stop Obama. I think Obama will get reelected, but will lose the Senate. When that happens the impeachment proceedings can begin.

      Report Post »  
  • Glenn is my hero
    Posted on January 4, 2012 at 10:52am

    What recovery??? My husband has been overseas for over 2 yrs working because he couldn’t find a decent job here where we live. He plans on staying at least another year. We are saving every penny so we can pay off our mortgage. Hasn’t been fun, that’s for sure!!

    Report Post » Glenn is my hero  
    • Kirsten
      Posted on January 4, 2012 at 11:47am

      Is Obama trying to use a jedi mind trick? “These are not the droids you’re looking for..”

      Report Post » Kirsten  
  • AMERICA4EVER
    Posted on January 4, 2012 at 10:49am

    Breaking news on Fox: President Obama to Appoint Consumer Watchdog While Congress Is Out of Town. Another czar for us to pay for. A consumer watchdog to see where else we can be fleeced.

    Report Post »  
    • sbenard
      Posted on January 4, 2012 at 10:57am

      The last one appointed by Emperor Obama was positioned under the Fed so that it wouldn’t even require congressional approval. Next thing, he’ll be demanding that we call him Caesar!

      Report Post » sbenard  
  • ZAP
    Posted on January 4, 2012 at 10:41am

    Dirty commies are Redistributing our wealth

    Report Post » ZAP  
    • smackdown33
      Posted on January 4, 2012 at 10:45am

      They have been for 100 years. What do you think the Central Banking system is?

      Report Post »  
  • deeberj
    Posted on January 4, 2012 at 10:36am

    I didn’t need to read this article to know the supposed recovery is a lie. Working for state govtI have not had a raise for 7 years. In fact they took away some money one year. So even with what we know is the LYING Cost of Living stats from the federal gov’t, I’m in the hole about 22 percent, and we all know it’s even more than that since the feds decided there was no cost of living increase in 2009 and 2010. All I know is I can’t afford to eat the same food I used to eat, I can’t afford to do the same things I used to do like go to the movies and go out to eat, and I can barely pay my bills. Recovery my azz.

    Report Post » deeberj  
    • smackdown33
      Posted on January 4, 2012 at 10:44am

      Smaller government is the goal.

      Report Post »  
    • My Two Cents
      Posted on January 4, 2012 at 11:40am

      Since you hold a government job you produce absolutely nothing. What makes you think you deserve a raise?

      Report Post »  
    • briefer
      Posted on January 4, 2012 at 12:22pm

      My Two Cents is right. Since when does our society value educating kids, or fixing roads, or keeping some idiot from dumping mercury into our water, or police our streets, or put out our fires, or keep airplanes safe, or…or…or…or… I’m sure that My Two Cents has contributed more to our society than any of them stooopid teachers and such – so we need to listen to him lecture us about Deeberj’s social value.

      Report Post »  
    • justmeSDG
      Posted on January 4, 2012 at 12:29pm

      @MYTWOCENTS – I don’t know what DEEBERJ does for the state and its citizens, but there are many legitimate government jobs that provide legitimate and needed services. (Yes, there are way too many illigitimate ones). Do you think that once someone accepts a job working for the state in which they live they should forever live on the same income no matter how many years or decades they work there? We need to distingush between legitimate and illigitimate jobs and serivices, not merely between public and private sector. DEEBERJ is not the enemy.

      Report Post »  
    • justmeSDG
      Posted on January 4, 2012 at 12:34pm

      BRIEFER said it better….and “briefer”…

      Report Post »  
    • VigilantGuardShark
      Posted on January 4, 2012 at 12:54pm

      hey MyTwoCents,

      I also work in a ‘government job’ and you sir are an ass. No raise in the face of increasing costs means income degredation. In my position I have had to take on more and more and even more work for the same amount of pay, and there’s no cost of living increase on the horizon. Trust me, the low level goverment worker’s busting their humps getting the roads built, maintaining buildings, bridges and parks aren’t the ones pulling in the huge paychecks or retirement packages, that’s the domain of the Administrators.
      When the average employee where I work earns less than $30k annually, and my boss earns roughly $50k annually (he admits to), his boss earns over $100k annually. Why the huge increase in pay? He doesn’t do anything I can see that justifies that kind of salary, and actually when he makes a mistake it costs us the Taxpayers a hell of a lot more than if I should make one in the course of my job.
      I guess the next question is How about the next guy on the totempole, How much is he making in his goverment office job along with perks, benefits and privileges that haven‘t and won’t be frozen or reduced without an order from the Govenor. Oh and btw, he gives money to the Govenor‘s PAC and golfs with him and is an ’old’ buddy of his, so I doubt that is going to be changing anytime soon.
      So in a nutshell ‘Mystwocents’ we are all in this suffering if you are in the lower third of income levels.

      Report Post »  
    • Protoham
      Posted on January 4, 2012 at 11:43pm

      Hey, if you guy don’t like your job, then quit. If you are worth your pay, you can find another with ease, if you are not worth your pay then stay where you are.

      Report Post »  
  • smackdown33
    Posted on January 4, 2012 at 10:18am

    Controlled devaluation to a one world currency is the goal of the international money changers operating the Central Banking system. They are the real enemies of the American people. America should be focusing on a war with them rather than the created distraction for Israel… Iran.

    Report Post »  
  • Detroit paperboy
    Posted on January 4, 2012 at 10:17am

    Recovery my ass…..

    Report Post »  
    • MidWestMom
      Posted on January 4, 2012 at 10:26am

      Incomes dropped during recovery?? I’m shocked, completely shocked. /sarcasm/

      Report Post »  
    • CatB
      Posted on January 4, 2012 at 10:28am

      Well said .. it is only in the mind of the MSM in their promotion of Obama’s “second” term … Like you said .. my a$$.

      Report Post »  
  • Detroit paperboy
    Posted on January 4, 2012 at 10:03am

    Unless you are a lazy , worthless , unecessary government slug…. Their salaries went up !!!!! Fire 75% of those lazy f:#%€s and nobody would know they were gone, but they could’nt survive one week in the real world….. Im sick of paying Govt slugs to interfere with my pursuit of Happiness…. And they are hiring like crazy…. This is BS

    Report Post »  
    • TXPilot
      Posted on January 4, 2012 at 10:23am

      What is happening right now, is the greatest crime to ever be committed in this country. We have a President, who along with his cronies, are deliberately destroying this country. And while this is happening, he is being supported by a mainstream media that is running a lying propaganda campaign that would leave the Nazi party in awe.

      Report Post » TXPilot  
    • smackdown33
      Posted on January 4, 2012 at 10:31am

      TXPilot, can’t you take that AC-130 and level D.C.?

      Report Post »  
    • deeberj
      Posted on January 4, 2012 at 10:38am

      I‘m a gov’t employee and my income did not go up and has not gone up for 8 years. I assume you mean federal gov’t employee. Of course, teachers’ incomes go up even when mine do not.

      Report Post » deeberj  
  • dnewton
    Posted on January 4, 2012 at 10:03am

    I don’t understand why the demographic changes such as the Baby Boomers reaching retirement is not considered a factor, especially considering the concurrent shrinkage of workers following them. Some loss of income is on purpose and by design. Also it is well understood that travel declines with age and is especially pronounced in the group that has just retired. This Baby Boomer phenomenon will also be a factor in increasing pressure on high tax states and cities. Boomers can move and they don’t move randomly. It is toward better weather, family or away from high property taxes. More money is spent on healthcare in the last years of their lives but they generally don’t see it as “their money.” The debt that young people take on decreases spendable income or disposable income. Even if the average inflation adjusted wage wage went up, it does not matter if the government spends more for you. We are drowning in counterfeit transactions from counterfeit agreements to pay mortgages, money that is declining in value, counterfeit transactions between worker and employer, counterfeit education that cost more than it is worth especially for home schoolers who must support the educational beast and the cost of giving their children an education. We have counterfeit regulation that does not deliver value commensurate with the cost and it increases the cost of all things, some of which are needed. Congressional promises are counterfeit also along with the security that they pro

    Report Post »  
    • Detroit paperboy
      Posted on January 4, 2012 at 10:13am

      @dnewton
      So basically what you’re saying is, its all an illusion…. And i agree

      Report Post »  
  • Pontiac
    Posted on January 4, 2012 at 9:58am

    They forgot to include a graph for Public Sector incomes. Those have gone up. Way up.

    Report Post » Pontiac  
    • JLGunner
      Posted on January 4, 2012 at 10:09am

      Baracks idea of job creation is growing government.

      Report Post » JLGunner  
    • ADNIL
      Posted on January 4, 2012 at 11:35am

      Although it doesn’t say one way or the other, from the way they usually do the numbers, the increase in gov’t workers salaries would have already been figured in this graph. Otherwise it would look MUCH worse. Like the way they don’t figure the real unemployment numbers by not counting the chronically unemployed or the underemployed, or those who don‘t qualify or those who aren’t actually “collecting” benefits, or the way they don’t consider the increases in food and energy in the rate of inflation.

      Report Post »  
  • BurntHills
    Posted on January 4, 2012 at 9:48am

    obama has deliberately all but murdered our entire area, we have over 16% unemployment SINCE Jan 2009. and out here many of us are consuming generic hotdogs and ramen noodles to try to save hard-earned money for the rest of the family as our electric and LP fuel heating bills escalate.

    obama has got to be REMOVED before he deliberately starves and murders AMERICA.

    Report Post » BurntHills  
    • MCDAVE
      Posted on January 4, 2012 at 10:00am

      Same thing here,,,they are lying about the recovery…Congress has done nothing to fix it…lower taxes and reduce government spending is the only thing that will work..congress knows this;I guess they don’t care

      Report Post »  
    • Cat
      Posted on January 4, 2012 at 12:15pm

      The reason for this entire mess is taxing income in lieu of consumption.
      Since the introduction of income taxes, governments have become nothing more than thriving gangs of thieves.
      The entire taxing scheme is designed for one thing … to separate us from our wealth.
      And if we don’t cough it up to them, they imprison us.

      The self anointed have always used other people’s money to enhance their personal wealth and there is only three ways it will stop; when they run out of other people’s money, when they run out of other people, or when the people rid themselves of the culprits.

      Many argue that we need government, but a government out of control and in control of the monetary system and the people’s income, is worse then a deadly disease eating society from within.

      At the end of the day, we the people must deal with the likes of; Nancy Pelosi, Barry Soetoro and Harry Reid, to name just three in the massive gang of thieves.

      Report Post » Cat  
  • LibsFIB
    Posted on January 4, 2012 at 9:42am

    And they take more out of your paycheck to cover rising insurance. Cant wait for Obamacare to take hold; then it will be “free”. LibsFIB! down with romney!

    Report Post » LibsFIB  
  • SpankDaMonkey
    Posted on January 4, 2012 at 9:39am

    .
    I Blame all you STUPID WHITE GUILT MORONS that voted for Obama…….

    If you are White and voted for Obama, Please take yourself any living children to the nearest Vet Clinic and have yourselves Spayed or Nuttered. As we are trying to save the gene pool…….

    Thank You,
    The Rest of Us

    Report Post » SpankDaMonkey  
    • Stoic one
      Posted on January 4, 2012 at 9:44am

      That’s funny…!

      Report Post » Stoic one  
    • BurntHills
      Posted on January 4, 2012 at 9:53am

      when the bloodsoaked obama-induced civil war happens, those white guilt democrat morons will be pounding on our doors to rescue them. all they will get is a hole in the forehead for being so stupid in the very first place back in Nov 08. they’ve degraded, divided and deliberately destroyed America.

      Report Post » BurntHills  
  • NHwinter
    Posted on January 4, 2012 at 9:32am

    Not only have incomes fallen, but everything has gotten more expensive. What we have does not go as far as it used to. But, thats the plan isn’t it. Make home ownership so expensive that they can then impliment UN Agenda 21.

    Report Post » NHwinter  
    • BurntHills
      Posted on January 4, 2012 at 9:50am

      look at the actual product in the packaging too, we are paying more for less of the item. everything has been downsized but we are paying MORE for it.

      Report Post » BurntHills  
  • Steve Neiling
    Posted on January 4, 2012 at 9:31am

    I know I’m bucking the trend here but my income has actually risen. However, my purchasing power has dramatically decreased. To me, that’s been one of the most frustrating things in living under the current administration. More dollars usually equals higher wealth. Now, more dollars simply equals more worthless dollars.

    Report Post »  
  • lgccac
    Posted on January 4, 2012 at 9:23am

    Recovery? What recovery?

    Report Post »  
  • Devotedpatriot
    Posted on January 4, 2012 at 9:22am

    The Americian middle class is being brought down to the lower class, just as it happened in Argentina in 2003 with their economic collapse. I agree with Old White Guy that the media is shoving this “recovery” idea down our throats to keep people thinking that things are getting better. Sadly, they are taking the bait. I can say for a fact that my income has fallen over the last few years since Obama has taken office. I am preparing for things to get much worse.

    Report Post » Devotedpatriot  
  • Neesey
    Posted on January 4, 2012 at 9:11am

    Hope and Change…from 160k to 60k….uh, there is no change…only the negative…One term empty suited screw up= Obama

    Report Post »  
    • mikem1969
      Posted on January 4, 2012 at 9:22am

      I have not seen any recovery. Show me the recovery, c’mon, I dare you, show me the recovery. My parents are on a fixed income, luckily, they paid for their home and land while they were still working. Food prices have surged to the point that I cringe when I go the the grocery store. There is no recovery, just a massive redistribution of wealth plan going on.

      Report Post »  
    • smithclar3nc3
      Posted on January 4, 2012 at 10:51am

      Mike,
      An author once said “these are the times that try man’s soul” if Obama is elected in 2012 it will be those times.

      Report Post »  
    • FingerBlisters
      Posted on January 4, 2012 at 2:14pm

      Obama’s effect on my income.
      Year 1 -33%
      Year 2 -2%
      Year 3 -1%
      Does this mean things are looking better that my income isn’t decreasing as fast?

      Report Post »  
  • PPMStudios
    Posted on January 4, 2012 at 9:03am

    Yeah, that‘s gotta be Bush’s fault too…….

    Report Post » PPMStudios  
    • hud
      Posted on January 4, 2012 at 10:33am

      one of little o’s greatest successes

      Report Post »  
  • ADNIL
    Posted on January 4, 2012 at 8:43am

    With a recovery like this, who needs a stinkin’ recession?

    Report Post »  
    • old white guy
      Posted on January 4, 2012 at 8:52am

      the media has used the word recovery way too often. there has been no recovery. sure some stock market players have gained but most people have not. unemployment is close to 20% not 9%. inflation is being obscured by false stats. recovery, i think not.

      Report Post »  
    • Bum thrower
      Posted on January 4, 2012 at 9:08am

      How’s that “Hope and Change”; ‘yes we can’ workin’ out for you?

      Report Post »  
  • semihardrock
    Posted on January 4, 2012 at 8:38am

    The Federal Reserve NEEDED a “black” president for this recession. This President is a patsy and was set up from the beginning and he knows it know. The ONLY way he can “take control” of the economy is through Communism.

    Report Post » semihardrock  
    • scuba13
      Posted on January 4, 2012 at 9:50am

      He knows it know? Are you Rev. Al Sharpton?

      Report Post » scuba13  
  • smithclar3nc3
    Posted on January 4, 2012 at 8:37am

    And in that same time inflation has risen in all area’s that are necessities. Obamanomics
    It’s no accident the Obama team and the liberal elites know that you can raise the quality of the lowest in society without bring down the middle class. Wealth redistibution doesn’t raise society it reduces it to the lowest common denominator. so everyone is equally poor

    Report Post »  
  • progressiveslayer
    Posted on January 4, 2012 at 8:36am

    This country will recover when the government begins to govern within the confines of the constitution.Don’t hold your breath.

    Report Post » progressiveslayer  
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