Did you know that the economy is getting better for retirees? You bet, those of us between 65 and 74 have seen median income climb 5.1 percent between June 2009 and June 2013. Creating an economy in which only retirees collecting government checks are getting ahead is the new formula for growing prosperity. My advice: Retire now!
Median household income is $2,380 below where the recovery started, a 4.4 percent drop. Black households are down 11 percent, Hispanics down 4.5 percent, single moms down 7.5 percent, and households with three or more kids down 9.2 percent. These statistics come from Sentier Research. Oh, unemployment according to Gallup rose from 7.7 percent a few weeks ago to 8.6 percent this week. What recovery?
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Guess what else. Illinois lost $20.4 billion to other states as people fed up with high taxes, dumb regulations and murder left. States with low taxes and less regulation won! Be sure to continue to vote Democratic so once again we can become a prairie.
James A. Wagner