Super Hero Justice League Team America.

[overachiever]

What a SHOCKER! (not)

Federal Government's seat of power overtakes the Silicon Valley as highest income area in USA.


Top Income in U.S. Is...Gasp!...Wash. D.C. Area

By Frank Bass and Timothy R. Homan - Oct 19, 2011 12:00 AM GMT-0400

The typical household in the Washington metro area earned $84,523 last year, down from the $85,168 earned in 2009. Household income also dropped last year in San Jose, to $83,944 from $85,168 the previous year.

Federal employees whose compensation averages more than $126,000 and the nation’s greatest concentration of lawyers helped Washington edge out San Jose as the wealthiest U.S. metropolitan area, government data show.

The U.S. capital has swapped top spots with Silicon Valley, according to recent Census Bureau figures, with the typical household in the Washington metro area earning $84,523 last year. The national median income for 2010 was $50,046.

The figures demonstrate how the nation’s political and financial classes are prospering as the economy struggles with unemployment above 9 percent and thousands of Americans protest in the streets against income disparity, said Kevin Zeese, director of Prosperity Agenda, a Baltimore-based advocacy group trying to narrow the divide between rich and poor.

“There’s a gap that’s isolating Washington from the reality of the rest of the country,” Zeese said. “They just get more and more out of touch.”

Full article here: http://www.bloomberg.com/news/2011-10-19/beltway-earnings-make-u-s-capital-richer-than-silicon-valley.html