How much do average Americans make after the Great Recession?

[wildcard]

http://www.mybudget360.com/how-much-average-household-income-us-recession-income-distribution/

How much do average Americans make after the Great Recession? Examining the income of U.S. households. 65 percent of U.S. households live on $65,000 or less.


In order to understand the middle class, we first have to draw a line in the economic sand. Many in our society would like to believe that we live in a classless system but this isn’t true especially when we look at the financial data. This classless belief has been shattered with the current structure of the banking bailouts that have favored the top 1 percent in our country. I wanted to update some of the data that I had posted back in December of 2008. There is something fascinating about looking at aggregate income data because it tells us a lot about our financial condition. Yet whenever we hear debates about the middle class, rarely does anyone talk about the specific income cutoff.

Let us first examine the top 35 percent of households:

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Story continues with lots of groovy graphs at link:

http://www.mybudget360.com/how-much-average-household-income-us-recession-income-distribution/

[MNeagle]

Minnesotans' personal incomes fell 3.3% in 2009

Per capita income declined 3 percent as the recession ravaged paychecks.

Minnesota's per capita income dropped 3.3 percent last year compared with 2008 as the recession handed many workers salary cuts, reduced hours and unexpected furloughs, the U.S. Commerce Department reported Thursday.

Nationwide, personal income fell by 2.6 percent, to $39,138, during the same time.

Minnesota ranked 13th among states in annual per capita income at $41,552, exceeding the national average by $2,414, the government reported. Minnesota's unemployment rate continues to linger at 7.4 percent.

Total personal income in the state was $218.8 million in 2009 and ranked 16th nationwide. A decade earlier, it was $148.9 million and ranked 17th nationwide.

The major sources of income in 2009 were health care ($24 million), government ($21 million), manufacturing ($21 million), finance/insurance ($13.5 million), professional/scientific/technical ($13.5 million), wholesale trade ($10.7 million), retail ($9.2 million) and construction ($7.7 million).

The government released county income for 2008 Thursday that showed residents of Hennepin County with an average income of $56,564, the highest in the state; Dakota County with $46,300; Anoka County with $38,744; Carver with $53,219; and Scott County with $40,851.

Western counties with large farming operations also reported among the highest incomes for 2008, noted David Lenze, spokesman for the Commerce Department's Bureau of Economic Analysis.

http://www.startribune.com/business/91872739.html?elr=KArksUUUoDEy3LGDiO7aiU