[Ed. note: You always hurt the ones you love]
For better or worse, a truism of American politics is that voters vote their pocketbooks. Yet according to a new report on median household incomes by Sentier Research, in 2012 millions of American voters apparently cast ballots contrary to their economic self-interest.
Each month the consultants at Sentier analyze the numbers from the Census Bureau’s Current Population Survey and estimate the trend in median annual household income adjusted for inflation. On Aug. 21, Sentier released “Household Income on the Fourth Anniversary of the Economic Recovery: June 2009 to June 2013.” The finding that grabbed headlines was that real median household income “has fallen by 4.4 percent since the ‘economic recovery’ began in June 2009.” In dollar terms, median household income fell to $52,098 from $54,478, a loss of $2,380.