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Here is how much economic progress America has made in the 21st Century: the average taxpayer’s 2009 income was at the same level as 1997.
Average 2009 income was $54,283, just $18 more than in 1997 when you adjust for inflation, not that anyone would notice a difference of $1.50 a month in their pocket.
And compared to 2007, the last peak year of the economy, average income fell a painful $8,588 or 13.7 percent in real terms. Having $716 less each month is something most people would notice.
Average 2009 income was $54,283