Earlier this week, we looked at one of the no-BS economic measures: household income.
Adjusted for inflation, median household income dropped 8% during the recession … and has been flat after bottoming out a couple of years ago.
That means that the median real household income is still down 8% from the pre-recession peak.
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The drop in median household income has come despite a steady increase in average hourly wages … they’re up about 10% since the official end of the recession.
See Let’s celebrate the economy … err, let’s wait. for details
Here’s another no-BS indicator sent along by a loyal reader …
The Homa Files 