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Thanks to semi-retired President Barack Hussein Obama the Rich get Richer and Median America gets Poorer
NYT Headlines Decline in Median Net Worth Since 2003, Downplays Much Steeper Drop Since '07
By Tom Blumer | July 28, 2014 | 00:20
Which is the more important statistic: A 36 percent decline in U.S. median household net worth since 2003, or a 43 percent decline in that same statistic since 2007?
The average person would certainly be more concerned about the latter, which represents an annual drop of about 7 percent compared to the less than 4 percent per year seen in the past decade. But apparently if you're a reporter or editor at the New York Times, the former statistic is of far more interest, while the latter doesn't merit a specific numerical mention.
Read more: http://newsbusters.org/blogs/tom-blumer/2014/07/28/nyt-headlines-decline-median-net-worth-2003-downplays-much-steeper-drop-#ixzz38oyxAmXq
NYT Headlines Decline in Median Net Worth Since 2003, Downplays Much Steeper Drop Since '07
By Tom Blumer | July 28, 2014 | 00:20
Which is the more important statistic: A 36 percent decline in U.S. median household net worth since 2003, or a 43 percent decline in that same statistic since 2007?
The average person would certainly be more concerned about the latter, which represents an annual drop of about 7 percent compared to the less than 4 percent per year seen in the past decade. But apparently if you're a reporter or editor at the New York Times, the former statistic is of far more interest, while the latter doesn't merit a specific numerical mention.
Read more: http://newsbusters.org/blogs/tom-blumer/2014/07/28/nyt-headlines-decline-median-net-worth-2003-downplays-much-steeper-drop-#ixzz38oyxAmXq