Skip to main content
No. of Recommendations: 0
In a much-anticipated, widely-applauded policy decision, the Fed announced today that it is shifting its buying from the near end of the yield-curve toward the middle, a move that will hugely benefit bond-investors by increasing the market worth of their holdings.

Thank you, Ben. I never wanted to be “middle-class”, and now I don’t have to be. Your policies during your reign have pushed me out of the 60% of Americans whose incomes are falling and into the 40% group whose incomes are rising. While not yet part of the class called the “rich”, my annual income has doubled since 2000, as compared with the 7% decline experienced by the “middle class” (from 2000 to 2010).

Median Household Incomes
1990, $48,423
2000, $53,164
2010, $49,445

The 2010 figure is 7% decline compared to 2000, but a 2% overall gain compared with 1990, though just a 0.10% annualized gain when a 20-year look-back is used. But, hey, that’s still a move in the right direction. So be content, all you median incomers. Things could be worse for you.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.