Government Issues Gloomy Report on Household Incomes

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The Census Bureau today reported that 2.6 million people dropped below the poverty rate last year and that 1 million lost their employer-provided healthcare. But another figure may be ever more dramatic: household income in 2008 was $50,000, $2,000 less than it was in 1999. Justin Fox, who writes the "Curious Capitalist" blog for Time magazine, is author of the new book, The Myth of the Rational Market.

Credits

Guest:
Justin Fox - Economics Columnist, Time magazine

Host:
Warren Olney

Producers:
Christian Bordal, Katie Cooper