INVESTOR’S BUSINESS DAILY: You Call This A Recovery?

Real median household income has fallen 4.8% since the so-called recovery officially began in June 2009. That’s a steeper decline than occurred during the recession itself, when incomes dropped 2.6%, according to a new report from Sentier Research.

Almost every demographic group has seen incomes drop during the alleged Obama recovery, Sentier found. Even those who report being continuously employed watched their real incomes drop nearly 5% over the past three years.

A separate report last week from the Pew Research Center found that over the past decade, the middle class has “shrunk in size, fallen backward in income and wealth, and shed some … of its characteristic faith in the future.”

Meanwhile, there are 800,000 more long-term unemployed than when the “recovery” started, and the ranks of those who aren’t in the labor force at all have swelled by nearly 8 million.

How’s that hopey-changey stuff workin’ out for ya?