The U.S. Census Bureau is out with its latest figures on income and poverty in the United States. The report makes glum reading for the country as a whole and for the Midwest in particular.
The quick headline is that income has slipped and poverty increased everywhere since the recession began in 2007, but that's not exactly news. The real news is that average Americans -- the persons in the middle, where the middle class lives -- are worse off than they were ten years ago, and almost exactly where they were thirty years ago.
In other words, a whole generation of Americans has seen no increase in its standard of living.