In the September 20, 2010 post (“Real Median Household Income & Poverty Measures“) I highlighted the lack of significant long-term growth in Real Median Household Income.
As I stated in that post:
…Real Median Household Income has experienced anemic growth for decades.
Doug Short, in his September 13 blog post titled “U.S. Household Incomes: A 43-Year Perspective,” has a variety of charts and commentary on various facets of Household Income distributions and growth.
One chart, seen below, seems particularly interesting. It is a depiction of Real Mean Household Income Cumulative Growth By Quintile and Top 5%, from 1967 to 2010:
(click on chart to enlarge image)
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1181.05 as this post is written