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Stagnant Income

January 15, 2014 Leave a comment Go to comments

Most people are still making less than they were 5 years ago.  Lost in the details about growth and jobs is the fact that incomes are still down.

That tells you enough about how long the road to recovery is for this economy.  5 years is a serious amount of time to not have incomes growing.  Without that, the growth has to come from cost savings and efficiency.  Going forward, one thing we will need to see in order to see real growth will be rising incomes.

todd@toddkmiec.com

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