Washington (Nov. 1, 2002) -- The strong upward movement in real cash median household income during the last half of the 1990s came to an abrupt end in 2000, not 2001, according to Joint Economic Committee Chairman Jim Saxton.

"The facts show that the big turning point in real median family income was 2000, when the progress of the 1990s ended," Saxton said. "The 2000 stagnation reflects the economic slowdown then underway. Unfortunately, some persist in trying to associate the economic trends in place before January 2001, with the changes in personnel and policies that came only later."

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