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The Census Bureau's latest annual report on income and poverty in America shows that there was little to cheer about in 2014.
After six-plus years of President Obama's big-spending, tax-raising policies, middle-class families have seen their incomes decline and more families have fallen into poverty, Census data show.
The Census Bureau's latest annual report on income and poverty in America shows that there was little to cheer about in 2014.
Median family income dropped slightly to $53,657, down from the year before. Every income group suffered losses, with the lowest fifth of households dropping close to 1%.
The overall poverty number barely budged. But it climbed by almost 600,000 among blacks in 2014, more than half of whom were under age 18.
This isn't exactly the picture that Obama has been painting. In fact, there's little that Obama likes to do more than brag about the economy.
A couple of months ago, he was in Wisconsin, crediting his policies for "record" job growth, tumbling deficits and big gains in the stock market.
"Step by step, America is moving forward," he said. "Middle-class economics works. It works. Yes!"
It's hard to see any evidence of that in the Census numbers.
Another progtard myth destroyed.
After six-plus years of President Obama's big-spending, tax-raising policies, middle-class families have seen their incomes decline and more families have fallen into poverty, Census data show.
The Census Bureau's latest annual report on income and poverty in America shows that there was little to cheer about in 2014.
Median family income dropped slightly to $53,657, down from the year before. Every income group suffered losses, with the lowest fifth of households dropping close to 1%.
The overall poverty number barely budged. But it climbed by almost 600,000 among blacks in 2014, more than half of whom were under age 18.
This isn't exactly the picture that Obama has been painting. In fact, there's little that Obama likes to do more than brag about the economy.
A couple of months ago, he was in Wisconsin, crediting his policies for "record" job growth, tumbling deficits and big gains in the stock market.
"Step by step, America is moving forward," he said. "Middle-class economics works. It works. Yes!"
It's hard to see any evidence of that in the Census numbers.
Another progtard myth destroyed.
