The White House Council of Economic Advisers released the Economic Report of the President Thursday, a document which noted that median family incomes are down since President Obama took office and inequality is up.
“There is no denying the strength of the aggregate recovery,” the report reads, “but its benefits have not yet been fully shared with the middle class.”
Not only have the “benefits” of the Obama recovery not been “fully shared,” but many Americans are still worse off today than when Obama became president.
According to the Census Bureau, median family income was $54,059 when Obama became president in 2009. In 2013, the most recent year available, median income was just $51,939, a tiny $181 increase from $51,758 low of 2012.