Report | Trade and Globalization

A tough recovery by any measure: New data show consumer expenditures lag for low- and middle-income families

Issue Brief #230

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Press release

(Co-released with CBPP)

Data on wages, compensation and income paint a disappointing picture of the current economic expansion, especially from the perspective of low- and middle income families. By most measures, real incomes were lower in 2005 than in the recession year of 2001, and real wages, after rising through mid-2003, fell consistently until very recently.

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