Have you heard the news? American household incomes rose a whopping 5.2 percent in the previous year. We haven’t seen this kind of economic prosperity since 1967. Holy cow! All of our champagne dreams and caviar wishes have come true. What’s that? You don’t believe those numbers? But, they came from the Obama administration’s Census Bureau. It has to be true. Let’s do the math.
The 2015 real median earnings of men ($51,212) and women ($40,742) who worked full time, year round increased 1.5 percent and 2.7 percent, respectively, between 2014 and 2015.
What happened? Is it possible the Obama administration fudged the numbers once again? Say it isn’t so.