Under President Barack Obama’s watch, the U.S. economy continues to slide downward. The median income of Americans is now the lowest it has been since 1995.
Median income fell 1.5 percent during 2011 to $50,054. It has fallen 4.1 percent since Obama took office. Median income has not been below $50,000 since 1995, but the new number is frighteningly close.
According to the Pew Research Center, Obama’s policies have hurt Republicans more than Democrats. When Obama took office, just 13 percent of Republicans considered themselves to be lower class. Now, that number is 23 percent.
While the figures seem disparaging for Obama, he will likely point to the number of insured Americans as proof that his policies are helping. According to the Census Bureau, the number of people without health insurance in 2010 was 50 million, but that number dropped to 48.6 million in 2011.