Average American Family Income Declining

News:
A 2004 Survey of Consumer Finances document provides a dismal outlook of average income growth for the American family. The report shows the average income for American families, adjusted for inflation, has declined by 2.3 percent in 2004. "The median, or midpoint for net worth rose by 1.5 percent to $93,100 from 2001 to 2004. That growth was far below the 10.3 percent gain in median net worth from 1998 to 2001."