Every once in while Carolyn hands me something she thinks would go well on this blog. Mind you, she isn't interested in writing it up for the blog, just getting it on. This time the article she gave me was about income changes and statistics.
First, income changes. According to the article in USA Today showing that income between 2007 and now has dropped for all age groups except seniors. While other age groups have dropped between 4.0 and 6.5%, senior incomes have increased 7.1 %. But before we get too excited remember there are three types of lies -- lies, damned lies, and statistics.
In a second column we find that after this tremendous growth for seniors their average household income is $31,354. Boomers, on the other hand suffered a loss 4.0% leaving them an average household income at $56,973, nearly twice as much as the seniors. One does indeed need to read statistical reports and charts carefully.