The income of American households continued to shift dramatically in 2011, falling sharply for middle-income and working-age people while rising for top earners and seniors, the Census Bureau reported Wednesday. http://adf.ly/DEQh7
Overall, median household income fell 1.5% to $50,054 last year, the fourth consecutive annual decline after adjusting for inflation, the bureau said. The typical household has lost ground in seven of the past 10 years and now takes in less cash than it did in 1996 when adjusting for inflation. http://adf.ly/DEQh7
The annual income report is a key indicator of the economic health of the USA and its middle class. Median income is the middle point of households — half made more, half made less in 2011. Only a handful of groups did better last year: http://adf.ly/DEQh7
