Median US household income decreased for the third consecutive year and when adjusted for the inflation commensurate with the 1996 level.Inflation adjusted median income for the year 2010 was $ 49,445 which happens to be around 7% lower than the peak value of 1999, just prior to the dotcom bubble burst.
15% of people are living below poverty line, which is the income lower than the $ 22,314 for a family of 4, which means one US citizen out of 6 remains below the poverty line.
On the other hand net per capita net worth for the year 2010 increased by 15 % than the year 2007 level on account of shares, retirement accounts and other benefits.
American citizens ended up investing the most of their saving in owning a home which diminished in the value. US economy is not picking up despite near-zero interest rates and US fed reserve has no option left but to print the money by continuous bouts of quantitative easing.
Ailing US economy, and as a result of this unemployment in USA is increasing and raising the poverty level.
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