Monday, April 14, 2014
Tweet[IWS] BLS: HIGH-INCOME HOUSEHOLD SPENDING AND THE ECONOMIC RECOVERY [10 April 2014]
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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Spotlight on Statistics:
HIGH-INCOME HOUSEHOLD SPENDING AND THE ECONOMIC RECOVERY [10 April 2014]
by Aaron E. Cobet
http://www.bls.gov/spotlight/2014/high-income-spending-economic-recovery/
or
[full-text, 8 pages]
In late 2007, the United States fell into a "Great Recession." According to the National Bureau of Economic Research the recession officially ended in June 2009, but it took several more years for average household income and expenditures to exceed their 2008 levels in nominal terms. The recession lowered household income and consumer expenditures across all income groups. This Spotlight on Statistics examines trends in income and expenditures and how unevenly the gains were distributed across socioeconomic groups.
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