Encouraging data from PEW research center

From Pew Research Center – A recovery no better than the recession

“The median income of American households decreased by as much in the two years after the official end of the Great Recession as it did during the recession itself. The latest estimates from the Census Bureau show that the median income for U.S. households in 2011 was $50,054. In 2009, the year the Great Recession ended, the median income of U.S. households had been $52,195 (in 2011 dollars). Thus, in the two years since the end of the recession, median household income has fallen by 4.1%.

The decrease in household income from 2009 to 2011 almost exactly equaled the decrease in income in the two years of the recession. During the Great Recession, the median U.S. household income (in 2011 dollars) dropped from $54,489 in 2007 to $52,195 in 2009, a loss of 4.2%. By this yardstick, the recovery from the Great Recession is bypassing the nation’s households.”

and from Pew Research Center – A third of Americans now say they are in the lower classes

“The percentage of Americans who say they are in the lower-middle or lower class has risen from a quarter of the adult population to about a third in the past four years, according to a national survey of 2,508 adults by the Pew Research Center.

Not only has the lower class grown, but its demographic profile also has shifted. People younger than 30 are disproportionately swelling the ranks of the self-defined lower classes. The shares of Hispanics and whites who place themselves in the lower class also are growing.”

Several comments

  • This is not “encouraging data” (unless you hate the US), the title is sarcastic.
  • Doomsday predictions aside, the world seems to be changing rapidly and fundamentally before our eyes. Demographics, financial power and political power  are changing along racial, religious and gender lines in an amazing rate. America’s power is declining. The nuclear family seems to be a relic of the past. More and more men do not have enough prestige to be attractive to women and are relying more and more on swagger. These are strange new times and young men need guidance and help more than ever to have power over their surroundings and their life. The lies ooze from the TV, music and movies.

(BTW, I significantly slowed the rate of posts lately and it going to stay this way. I’m currently entering a new professional phase in my life and I had to suspend work on the ‘Guide for a young Patriarch.’ When I’ll have time to continue the work on the guide, it will be the focus of my free time, not this blog.)

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3 Responses to Encouraging data from PEW research center

  1. littlepdog says:

    littlepdog.com (wrong link in username)

    America’s demographics will shift, as will it’s dating/sexual culture in general. I do think America will recover from this and rise up again though. Your strong population growth compared to China’s shrinking population will give you an edge superpower wise.

    Also demographics wise, I think American culture will take a shift towards social conservatism because conservative whites and hispanics (who are culturally conservative for the most part) are outbreeding more liberal groups and more religious people tend to not fall too far from the tree. Similar world wide too since socially conservative third world culture’s are having way more kids then the SWPL crowd and East Asians. Undoing the sexual revolution in the West however may well be impossible at this point.

    • dicipres says:

      I’m really not sure about bouncing back. So many parameters are different that prediction based on common sense or the past is really questionable.

      I agree that conservatives will reproduce more and eventually people will adapt, genetically and culturally. However, this adaptation will take at the very least several generations… the US can maybe even become another third-world/south America type country by then. Again, I don’t want to give a doomsday prediction, but just state that the world is changing extremely fast beneath our feet.

  2. El Bastardo says:

    I agree with littlepdog somewhat. People overinflate China, although you really can’t underestimate them either. Their form of government has advantages ours does not. With that being said, the hype about war with China, and our debt is mostly overplayed. China does not desire a war with us, it is possible that they attack us through cyber attacks because they suspect that right now, we are too weak to counter. If and when our economy rises, that might change.

    Or maybe they feel a global shift is coming. However, they have monumental demographic problems of their own; so much so, I am not sure their strengths will counteract their weaknesses in the long run; especially as the Chinese people are demanding more freedoms and benefits. The next 20 years will play out in very interesting terms; but I don’t suspect war with China will be a part of it; at least not yet.

    Economically, I hope he is right. Although, I doubt it really matters which current choice makes it in the the White House; they are both the same. Sadly, we may need these bad times to teach us what to value?

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