Government data indicates that Americans earned a smaller average income in 2005 than in 2000.
While incomes have been on the rise since 2002, the average income in 2005 was $55,238, still nearly 1% less than in 2000, after adjusting for inflation, an analysis of new tax statistics show.
On the flip side, housing in CA has gone up over 125% or more in the same period of time…….
Nothing more needs to be said here concerning what happens next…..