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Americans see biggest monthly income drop in 20 years
invite response
2013 Mar 1, 2:55am 4,626 views 12 comments
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epitaph
2013 Mar 1, 3:01am
The seasonally manipulated numbers show us that everything is just fine.
Bubbabeefcake
2013 Mar 1, 3:06am
After being beat up for the past few years a vast majority of Americans just want to lay down like an old dog...do you blame them?
http://m.dailykos.com/story/2013/02/21/1188642/-Let-s-ALL-go-Galt
Note that after-tax income actually increased 0.3% in January when you factor out:
1. Removal of the 2% SS stimulus
2. Special Dec. dividends given out in fear of the fiscal cliff
JodyChunder
2013 Mar 1, 7:28am
I think you should be able to borrow against your vital organs and other valuable tissues.
RentingForHalfTheCost
2013 Mar 1, 7:45am
Your income doesn't matter. All that is needed is your future income, which as everyone knows will outgrow your massive debt.
borrow against your vital organs and other valuable tissues
Oh crap, I think I already HELOC'd them into oblivion with 15 years of gin and foie gras.
everything
2013 Mar 1, 7:53am
That's what low interest rates are here for, strange because they were reporting that wage growth finally turned the corner.
Income? Pftt? who needs stinking income when the government will loan you any amount...
Idiots. You think money saved from tax will trickle down? I will just keep it.
From the 1%.
Bubbabeefcake
2013 Mar 2, 12:34am
Idiots. You think money saved from tax will trickle down? I will just keep it.
From the 1%.
Uh Uo! Immediate damage control
RentingForHalfTheCost
2013 Mar 2, 8:53am
That's what low interest rates are here for, strange because they were reporting that wage growth finally turned the corner.
If that corner is into an dark alley where it gets beaten into submission by the banking cartel. Sure, it has turned the corner. Income is useless, I wonder why I go to work each day. I'd be better off just spending my time collecting money from all the sources available. Rack up as much as I can and just flee the country.
I'd be better off just spending my time collecting money from all the sources available. Rack up as much as I can and just flee the country.
Yep. rack up the freebies, save the welfare money,etc, in the form of krugerands or something, and bail on the country.
Remember, when incomes drop, be sure to buy more expensive housing!
http://money.cnn.com/2013/03/01/news/economy/income-spending-saving/
Feeling poorer?
Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years.
Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That's the most dramatic decline since January 1993, according to the Commerce Department.
- See more at: http://money.cnn.com/2013/03/01/news/economy/income-spending-saving/#sthash.L7woXwl7.dpuf
#housing