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income: The Income Gap Widens - 11/02/09 01:09 AM
The Great Recession is not the great American equalizer after all. It's been widely reported recently that this recession hit middle and low income families the hardest, while the wealthy have continued to prosper. It may be chic to save and everyone brags about coupon clipping, but the idea that "we are all in this together" may not actually be the case.

According to the Associated Press, incomes have declined across all demographics, but at a greater percentage for middle and lower income groups. "Median income fell last year from $52,163 to $50,303, wiping out a decade's worth of gains … (0 comments)

income: National Economy: Is It All About Perception? - 03/20/09 02:10 AM
CNN's Ali Velshi and Erica Fink recently did a comparison of what they considered to be five key measures of the economy. Using what they call the "CNN Real Feel Economic Index," they looked at jobs, personal income, personal savings, industrial production, and home prices.

According to Velshi and Fink, "the U.S. economy, more so than other worldwide economies, is dependent on spending decisions made by consumers. Consumer behavior drives spending habits, spending habits drive corporate profitability, and corporate profitability drives the stock market."

Looking at this interconnectedness, they wanted to see if the consumer's perception matched the reality … (4 comments)

 

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