Chart of the Day: We’re Now Well Into Our Second Decade of Stagnant Incomes


The New York Times reports that household income is still in the doldrums:

Median household income has begun to recover over the last two years, but households still have not come close to regaining the purchasing power they had before the financial crisis began, a new study says. The study, issued on Wednesday by two former Census Bureau officials, suggests why many people remain glum even though the economy is growing and unemployment has declined.

In fact, it’s worse than that. The study in question comes from Sentier Research, which calculates a Household Income Index going back to January 2000. As you can see below, incomes were pretty stagnant during the entire aughts, which means that median household income today isn’t just below the level of 2007, it’s below the level of 2000. If you add in health benefits, the picture is brighter, but only modestly: Total household compensation today is still below its level in 2000 even when you count healthcare premiums. We are now well into our second decade of flat incomes for the non-rich.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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