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Ezra Klein surveys yesterday’s report from the Census Bureau and says: “Median income dropped a bit, poverty rose a bit, and so too did the number of Americans without health insurance. But the actual changes aren’t very large.”

Based on the reporting I saw yesterday, which initially caused me to think that income had dropped only slightly, this is a widespread view.  But it just isn’t true.  In fact, the 2008 drop in median household income was the biggest since the Census Bureau started tracking this stuff in 1976.  Income dropped $1,860 in 2008, and the next closest competitor is 1980, when it dropped $1,439.  Last year was the worst year for household income in both absolute terms and percentage terms in the past three decades.

And, as Ezra says, that was only 2008.  This year is likely to be as bad — or possibly worse. Income drops typically persist for several years during a recession, and the combined impact of this recession is almost certain to do more damage to middle class incomes than any recession since World War II.

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So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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