{"id":1150,"date":"2004-07-29T13:59:22","date_gmt":"2004-07-29T18:59:22","guid":{"rendered":"https:\/\/rojisan.com\/blog\/2004\/07\/american-income-falls\/"},"modified":"2004-07-29T13:59:22","modified_gmt":"2004-07-29T18:59:22","slug":"american-income-falls","status":"publish","type":"post","link":"https:\/\/rojisan.com\/blog\/2004\/07\/american-income-falls\/","title":{"rendered":"american income falls"},"content":{"rendered":"<blockquote>\n<div class=\"sourcequote\"><a href=\"http:\/\/www.nytimes.com\/2004\/07\/29\/business\/29tax.html\">I.R.S. Says Americans&#8217; Income Shrank for 2 Consecutive Years<\/a> [ny times,  july 29,  2004,  <a href=\"http:\/\/www.bugmenot.com\/\" class=\"broken_link\">registration<\/a>]<\/div>\n<p>The total adjusted gross income on tax returns fell 5.1 percent, to just over $6 trillion in 2002, the most recent year for which data is available, from $6.35 trillion in 2000. Because of population growth, average incomes declined even more, by 5.7 percent.<\/p>\n<p>Adjusted for inflation, the income of all Americans fell 9.2 percent from 2000 to 2002, according to the new I.R.S. data.<\/p><\/blockquote>\n<p>but it was a recession!  a double-dipper or something!<\/p>\n<blockquote><p>Before the recent drop, the last time reported incomes fell for even one year was in 1953.<\/p><\/blockquote>\n<p><strong>update<\/strong>:  no surprise, really (i should&#8217;ve looked)&#8230; barry <a href=\"http:\/\/bigpicture.typepad.com\/comments\/2004\/07\/shrinking_us_in.html\" class=\"broken_link\">has it too<\/a>, with some depth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I.R.S. Says Americans&#8217; Income Shrank for 2 Consecutive Years [ny times, july 29, 2004, registration] The total adjusted gross income on tax returns fell 5.1 percent, to just over $6 trillion in 2002, the most recent year for which data is available, from $6.35 trillion in 2000. Because of population growth, average incomes declined even [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[21],"tags":[],"_links":{"self":[{"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/posts\/1150"}],"collection":[{"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/comments?post=1150"}],"version-history":[{"count":0,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/posts\/1150\/revisions"}],"wp:attachment":[{"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/media?parent=1150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/categories?post=1150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/tags?post=1150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}