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January 17, 2013


Are You Better Off?

First Read compiles some statistics from the start of President Obama's first term.

"The Dow Jones Industrial average is up 5,550 points since then. The economy is growing (instead of contracting). Consumer confidence has nearly doubled (though it remains below where it was before the Great Recession). And a larger percentage of Americans believe the country is headed in the right direction (but a majority still think it's on the wrong track)."

"On the other hand, there's data indicating that the nation isn't better off than it was four years ago - and that the Great Recession continues to take a toll on families. Median household income (adjusted for inflation) is lower than it was in 2009. And more Americans live below the poverty level than they did four years ago."












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