American families are stuck in a lost quarter century - Quartz
Jared Sperli stashed this in economics
The most frightening part of this article is that there's no end in sight.
For anyone who’s been following economic data over the last few years, this shouldn’t come as much of a surprise. While the US economy has finally filled in the giant jobs crater left by the Great Recession, real wage growth remains virtually nonexistent.
On the other hand, salaries on the high end of the spectrum have rebounded quite nicely. Today’s Census data shows that the bar for entry into the top 5% of income rose to $196,000, up 2.5%. And those folks took home more than 22% of US aggregate income, essentially the same as in 2012.