Income Decline Quotes

Such assets as I possessed even ten years ago have largely vanished during this period. Since I became Prime Minister, I have been unable to add to my income by any fresh writing and I have had to draw repeatedly on what capital I possessed because my salary as a Prime Minister was not adequate for my needs, limited as they were.

Poverty persists, essentially, because the people at the bottom - the bottom quarter and also the bottom half - see the gains from the rising global average income wiped out by severe declines in their relative share.

The economy of the United States gross domestic product doubled from 1996 to 2015, doubled, more than, $8.8 trillion to $17.1 trillion. And the median household income went down.

If Americans are working harder than ever earning less than they once did, our government and our leaders should step up, offer a plan, fix what's wrong -- or they should step aside, the recovery has been everywhere but in the family paychecks. The American Dream has become a mirage for far too many.

In the 40 years I've been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality... Asset markets are in the sky, and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up.

The most urgent issue facing American workers today is not the glass ceiling. It is the sinking floor.

Workers in the United States are making less than they were almost 20 years ago, and yet they are working harder.But so am I working harder, that I can tell you.

In the richest country in the history of the world, this Obama economy has crushed the middle class. Family income has fallen by $4,000, but health insurance premiums are higher, food prices are higher, utility bills are higher, and gasoline prices have doubled. Today more Americans wake up in poverty than ever before.

You know, our country's being ripped apart. And let me tell you, this is largely an economic issue, too. You know that workers, hard-working people, middle class people, haven't had a salary increase effectively in 12 years, all right? So for 12 years, they're making less now in many cases than they made 12 years ago.

The people who are having the hard time right now are middle-income Americans. Under the president's policies, middle-income Americans have been buried. They're just being crushed. Middle-income Americans have seen their income come down by $4,300. This is a tax in and of itself. I'll call it the economy tax. It's been crushing.

The Mexican government understands that when you turn 65, your ability to earn money diminishes. They don't want you kicked out of your house that you've worked your whole life for, no matter what that house is.

Americans, in general, are ignorant, bigoted, and deeply unhappy with their declining incomes.

And wages - we'll see the end of this decline we're having. The median income in America is down 10% in just the last four years. That's got to stop. We've got to start seeing rising wages and job growth.