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Tuesday, August 28, 2012

REPORT: Almost Every Group Is Worse Off Now Than It Was Three Years Ago

As the economy sputters along, consumers are feeling the squeeze in their annual paychecks.

That's according to Sentier Research, whose latest report found household incomes have been declining ever since the recovery began in June 2009.

The numbers are striking: Yearly household income dwindled by 4.8 percent between June 2009 and 2012 from $53,508 to $50,964, although several types of households fared much worse than that.

"Based on our data, almost every group is worse off now than it was three years ago, with the exception of households with householders 65-years-old and over," said researcher Gordon Green.

We took a closer look at the report to see who's falling behind:

Non-family households: This group saw its real median annual income decline by 7.5 percent, from $33,002 to $30,512. Family households declined a little less than that by 4.7 percent.

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