Over at WaPo. Actually, the Census income and poverty results for 2014–poverty was unchanged from 2013 and remains elevated at 14.8% and real median household income was also flat–seem a bit too pessimistic to me given what we know about jobs and wages in 2014 so I focused more on longer term trends. Another reason to do so is that these Census data are undergoing methodological changes and my sense is they’re working out some kinks. The CEA shows a pretty compelling figure to this point (see figure 2 here).
But the broader results–how long it’s taking households to make up lost incomes–are all too familiar.