{"id":454,"date":"2013-10-30T21:49:15","date_gmt":"2013-10-30T21:49:15","guid":{"rendered":"http:\/\/www.globalbuzz.net\/us\/?p=454"},"modified":"2013-10-30T21:49:15","modified_gmt":"2013-10-30T21:49:15","slug":"living-standards-on-decline","status":"publish","type":"post","link":"https:\/\/www.globalbuzz.net\/us\/news\/living-standards-on-decline","title":{"rendered":"Living standards on decline"},"content":{"rendered":"

The typical American family now earns less in real terms than it did way back in 1989, according to the Census Bureau. <\/p>\n

Median household income fell for the fifth consecutive year, to $51,017 in 2012, and is now 8.3 per cent below its pre-recession peak in 2007.<\/p>\n

Although the economy is almost 5 per cent larger than its pre-recession peak in 2007, most of the gains have gone to those earning the highest incomes.<\/p>\n

Emmanuel Saez, a University of California economist, says that last year incomes of the top 1 per cent of the population rose nearly 20 per cent, but those of the remaining 99 per cent increased just 1 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"

The typical American family now earns less in real terms than it did way back in 1989, according to the Census Bureau.<\/p>\n","protected":false},"author":1,"featured_media":455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[116,188,681,1,745],"tags":[787,747,796,748,418],"class_list":["post-454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-finance","category-news","category-society","tag-business","tag-quality-of-life","tag-society","tag-standards","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.globalbuzz.net\/us\/wp-json\/wp\/v2\/posts\/454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalbuzz.net\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalbuzz.net\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalbuzz.net\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalbuzz.net\/us\/wp-json\/wp\/v2\/comments?post=454"}],"version-history":[{"count":1,"href":"https:\/\/www.globalbuzz.net\/us\/wp-json\/wp\/v2\/posts\/454\/revisions"}],"predecessor-version":[{"id":456,"href":"https:\/\/www.globalbuzz.net\/us\/wp-json\/wp\/v2\/posts\/454\/revisions\/456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.globalbuzz.net\/us\/wp-json\/wp\/v2\/media\/455"}],"wp:attachment":[{"href":"https:\/\/www.globalbuzz.net\/us\/wp-json\/wp\/v2\/media?parent=454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalbuzz.net\/us\/wp-json\/wp\/v2\/categories?post=454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalbuzz.net\/us\/wp-json\/wp\/v2\/tags?post=454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}