A paragraph worth pondering

by Ryan Streeter on November 5, 2013. Follow Ryan on Twitter.

From Robert Samuelson’s latest column:

From 2007, the year before the financial crisis, to 2010, median income for the families under 40 dropped 12.4 percent to $39,644. For the middle-aged from 40 to 61, the comparable decline was 11.9 percent to $56,924. Meanwhile, those aged 62 to 69 gained 12.3 percent to $50,825. For Americans 70-plus, the increase was 15.6 percent to $31,512.

The absolute income numbers tell one story, while the decrease-increase stories tell another. As with everything else these days, the younger you are, the worse.