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New report shows Americans earning less

A new government report shows that American salaries fell in 2005 for the fifth straight year in a row. During 2005 the average income for American workers came out to be $55,238, which is roughly 1% less than the 2000 national average of $55,714.

For those of us who were born in a post World War II world, this is definitely a trend that we are not used to seeing. Since the end of WWII, there was only one year on record when the average income of Americans fell. But that all changed in 2001 which started the five-year slide between 2001 and 2005.

While the national average was lower in 2005 than it was in 2000, the total incomes of all Americans did rise during the period but so did the actual number of people working, which led to the lower average.

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