Dollars to doughnuts.
Another reason, besides the housing bust, that Americans nearing retirement age may have suffered most from the financial crisis: The typical American 55 to 64 years old has a household income almost 10 percent less than it was when the recovery officially began three years ago, according to a new report from Sentier Research.
The report found that after adjusting for inflation, the median household income for Americans of all ages was 4.8 percent lower in June 2012 than it was when the recovery technically started in June 2009, to $50,964 from $53,508.
The decline looks even worse when comparing today’s incomes to those when the recession began in December 2007. Then, the median household income was $54,916, meaning that incomes have fallen 7.2 percent since the economy last peaked.