Household income drops to 16 year low (but look who got rich)

What’s wrong with that picture? All the stimulus, regulations, bailouts and other spending in the name of the poor and who gets rich?  Washington D.C. Tops List of Richest Cities.

Via Shadowstats:

household income shadowstats• Real Median Household Income Collapses to 16-Year Low;
• 2011 Income Below Levels of Late-1960s, Early-1970s
• Income Variance Hits Record High, Suggestive of Greater Financial and Economic Crises Ahead

 

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