According to a new PPI Fact Sheet by Ke Bin Wu of the AARP Public Policy Institute, median household income and median family income declined between 2007 and 2008, coinciding with the recession. The decline in income was greatest for households and families headed by persons age 45 to 54. The income of the elderly did not decline, but as in past years, elderly households and families had lower incomes than others. … Back to Article
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