Are You Better Off Than 10 Years Ago?
The progress of humanity moves inexorably slow, but there is irrefutable evidence that Americans are better off than they were 10 years ago - about 20% better off.
That's 2.2% more income after taxes and inflation annually for 10 years - 22% in the last 10 years!
On Friday, the unemployment rate dropped to 3.9%, the lowest point since 2000. In addition, 164,000 new American jobs were added in April. According to The New York Times, it was the 91st consecutive month of gains and by far the longest streak of increases on record.
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