Federal Reserve released survey showing average family losing 38.8 % of net income . Dean Baker : Not ##ice that the average American is poorer than before . Median family income in 2010 was down by 7.7 % from its 2007 level and 6.3 % from its level a decade ago . He says Alan Greenspan could have tried to contain the housing bubble . Baker : Americans will not tolerate a society in which income inequality widens .
Federal Reserve released survey showing average family losing 38.8 % of net income . Dean Baker : Not ##ice that the average American is poorer than before . He says Alan Greenspan could have tried to contain the housing bubble . Baker : Americans will not tolerate a society in which income inequality widens .