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Wednesday, April 26, 2006
the Median Family
Median means the point half way between the top and the bottom, it's a statistical point for reference only, one which I believe is meaningless other than for tracking purposes. The median family's real net worth (adjusted for inflation) rose on 1.4% from 2001 to 2004 and only one half of the families in the US live on an annual income of $43,200 or less, up just 1.6% since 2001. Despite employment gains touted by the administration as so good for the economy, wage growth fell.
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