U.S. Household Income Contracts for 2nd Straight Year

U.S. median household income fell 3% in fiscal 2009 to $50,221, the second straight annual drop, according to newly released census figures.  The report said that the top-earning 20% of Americans — those making $100K + each year — received 49.4% of all income generated in the U.S., compared with the 3.4% earned by those below the poverty line. Needless to say, income inequality in the U.S. continues to rise.