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Are times really as bad as the Democrats would make you think?

Posted by rightwinger on April 11, 2008

The main stream media and Democratic candidates want you to think that we are worse off than we were 20-30 years ago. The reality is we are better off economically. Here is what Pew Report on the Middle Class says:

“Despite the downturn of the current decade, median household income increased by 41% from 1970 to 2006 (the last year for which such data are available), after adjusting for inflation and changes in household size.

“Two-thirds (67%) say their standard of living is better than the one their parents had at the age they are now.”

This is what Clark Howard’s take on the report is:

“When you look at the last 5 years, there has been some distortion in the economy and some trends have squeezed people. But look further back to the ’70s. The average American family income is 40% higher than it was one generation ago. That’s practically unprecedented for an already developed economy. Meanwhile, the average family is 35% wealthier in terms of net worth than a generation ago.”


Read the Pew report on the Middle Class for yourself.


One Response to “Are times really as bad as the Democrats would make you think?”

  1. […] Posted by rightwinger on August 8, 2008 America is no longer great. Really Obama??? It looks like you and Michelle sure have done well in this no longer great country. When was it great? During the Cold War? Before the civil rights movement? America is great, and I’m proud to be an American.  Is the Middle Class really that small?  How bad off are we economically.  Check out this report on the Middle Class. […]

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