crashed Median annual earnings of 20-to-24, 2000 to 2012

[jeffolie]

Thursday, September 04, 2014




The Complete Guide to Young Adults in Four Numbers



Median annual earnings of 20-to-24-year-olds who are not in school, by highest level of educational attainment, 2000 and 2012 (in 2012 dollars)...

High school graduates
2000: $20,800
2012: $15,930

Bachelor's degree or more
2000: $29,700
2012: $24,990

Source: Forum on Child and Family Statistics, America's Young Adults, Special Issue 2014

demomemo.blogspot.com/

[unlawflcombatnt]

Very interesting and sad at the same time.

Another interesting number from the same site was the crash in Median Household Wealth from 2007 to 2013.
Median Household Wealth dropped a whopping $54,200!!!...from $135,400 down to $82,200.

That's a -40% change.

To put this 'median' collapse in perspective,
50% of Households lost MORE than $54K over the 6-year period from 2007-2013.

Combine that with continuing real wage declines,
and you've got an absolute NON-recovery from the Recession.

We're still in Recession, and the majority of Americans have seen no improvement whatsoever.
To the contrary, the majority of Americans financial well-being is continuing to decline.

demomemo.blogspot.com/2014/09/household-wealth-2007-to-2013.html

[unlawflcombatnt]

Here's a graphic showing the -40% decline, photocopied directly from the Federal Reserve's own report