Friday, December 11, 2015

More have slipped into lower income group under Obama

At the county level we've lost a lot of ground under Obama. "Based on poverty rate estimates for all 3,141 counties for all ages, 26 percent (820 counties) had a statistically significant increase in poverty between 2007 (the year before the most recent recession) and 2014. Only 1 percent of counties had a statistically significant decrease in poverty during that period."

The recession was "over" in June 2009, yet the middle class has lost out and some have slipped downward. Finger wagging (Obama), criticizing the GOP (Hillary) and creating additional expensive government programs (Bernie) won't take the place of sound economic policies.

No comments: