In a New York Times column, “For Many, a Boom That Wasn’t” (April 9, 2008), David Leonhardt reports on income distribution. He argues that the latest economic expansion appears not to have resulted in significant gains for the average family:

In 2000, at the end of the previous economic expansion, the median American family made about $61,000, according to the Census Bureau’s inflation-adjusted numbers. In 2007, in what looks to have been the final year of the most recent expansion, the median family, amazingly, seems to have made less – about $60,500.

Included with the article is this link to a graph that shows the growth of median household income over the past fifty years.

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