Income After Great Recession

After home foreclosures, industry collapses and plummeting markets took hold of the United States in the first decade of the 21st century, most Americans are still hurting. In 2014, a Federal Reserve report found that more than a third of American households believe that they’re doing worse now than in 2008, with around 40 percent saying that they’re “just getting by”. This, as 95 percent of income gains from 2009 to 2012 went to the wealthiest one percent of households. As indicated above, while a select few bounced back relatively unscathed from the recession, most of the country was–and still is–seeing red.

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