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Income Slump

The New York Times and the Causes of the Income Slump

Jared Bernstein | Posted 10.22.2012 | Business
Jared Bernstein

As much as I like to point out that GW Bush's fiscal policy is a key factor in our past, current, and future budget deficits, the fact is that after-tax median household income has grown considerably faster than pretax over the recent slumpy period.