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Americans see biggest monthly income drop in 20 years

Posted By kurtnimmoadmin On March 1, 2013 @ 11:25 am In Economic Crisis,Old Infowars Posts Style,Tile | Comments Disabled

Annalyn Kurtz
money.cnn.com
March 1, 2013

Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years.

Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That’s the most dramatic decline since January 1993, according to the Commerce Department.

It’s something of a combination of one-time events, though.

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