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Speak Out: Do You Continue to Feel Sting of Down Economy?

Latest U.S. Census data shows that the living wage of American families continues to drop everywhere but here.

The living wage for Americans across the country continues to drop, according to the latest figures released Wednesday by the U.S. Census Bureau. But in the Census-designated southern region, of which Maryland is a part, real income numbers had a small net gain.

The average purchasing power of American families dropped 1.5 percent in 2011, standing at $50,054, with a before-tax average income at just over $62,000.

The South region, comprised of 16 states and Washington, DC, was the only region in the country to see a rise in purchasing power, however slight. The South’s median household income grew from $46,875 in 2010 (calculated using 2011 dollar values) to $46,899 in 2011—a 0.1 percent increase.

The South was also the only region to show positive changes in the poverty rate, which fell from 16.8 percent to 16 percent between 2010 and 2011, a difference of 743,000 people. The nationwide average poverty rate remained at 15 percent, with 46.2 million people at that level.

Do you continue to feel the strain of the nation's economy? What cutbacks have you made over the last year? Or, have you loosened the belt a little?

B Allen September 13, 2012 at 01:51 PM
That is true Jerry and MORE will be feeling that "sting" soon. We also need to add in the fact that MoCo and the republic of MD continue to spend taxpayers dollars on illegal aliens. $2Billion spent on illegals (and other welfare programs) in MD would go a long way to keeping our property taxes at their current rates or lower. The only reason that this area is doing better than other areas is because of the concentration of government workers. Come next yr, should the worst case scenarion happen i.e. Nobama gettig elected, MANY government workers will be losing their jobs in MD and VA. Especially with the cuts in defense. Also, private industries will have to let people go should NObamacare go into effect. Then people will be out of work and will have to pay the "TAX" of $4000/yr to have the MANDATED insurance. Nomalley WAS right. It was the first time I agreed with him, "Americans are NOT better off now then they were 4 yrs ago".. out of the mouth of one of NObamas stooges.
Laurie Halverson September 13, 2012 at 02:38 PM
Ouch.
C.Z. Guy September 13, 2012 at 07:09 PM
The oppressive property and personal taxes, a jackbooted regulatory atmosphere, and the open door/welcome mat out mentality of our county leaders towards illegal aliens not only stings, but makes me want to vomit. City and state government is just as bad. They continue with the frivolous spending with money they don't have but will try to confiscate from us. I can't wait to get out of Maryland and stop funding this madness.
Joan Anders September 13, 2012 at 07:43 PM
Maryland is about as "South" as Northern VA.
Bill Hussein O'Stalin September 15, 2012 at 10:37 AM
The reason the south is doing so well is that wealth is fleeing the overtaxed and over-regulated north. I will soon be joining them. If the fiscal cliff is reached this approaching January the layoffs in the area will be in the tens of thousands and your house in Montgomery County won't be worth tens of thousands.

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