Middle-class families of today make less than middle-class families of almost a quarter a century ago, according to the Washington Post.
Census Bureau data on income and poverty shows that the real median household income, meaning a family’s total earnings, in inflation-adjusted dollars, was higher in 1989 than it was in 2012.
Near the end of the Reagan era, a middle of the road family brought home $51,681 in today’s dollars. In 2012, the average family made $51,017.
That doesn't tell the entire story. Median household income has dropped every year of Barack the Terrible;s reign and the number of people in poverty has increased:
In fact, real median household income dropped in every year of Obama's first term. In 2008, when he was elected, it was $53,644. In 2009, the year he was inaugurated, it dropped to 53,285. In 2010, his second year in office, it dropped to $51,892. In 2011, his third year in office, it dropped to $51,100. And, in 2012, his fourth year in office, it dropped to $51,017.
At the same time the number of people living in poverty in the United States increased. In 2008, according to the Census Bureau, there were approximately 39,829,000 people living in poverty in this country. In 2012, there were 46,496,000. That is an increase of approximately 6,667,000—of 16.73 percent—from 2008 to 2012.
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