Fox contributor misrepresented economic well-being of "average person"

On the December 2 edition of Fox News' The Big Story with John Gibson, Gary B. Smith, a contributor to Fox News and TheStreet.com's RealMoney, claimed that "by almost any metric, the average person in the U.S. is better off than they were four or eight years ago." Asked by guest host David Asman to respond to "one of the big stories that we hear, that the rich are getting fabulously richer and the poor are getting poorer," Smith replied that such claims were "inaccurate" because the "average per capita income has risen almost every single year since 1990." According to figures from the U.S. Census Bureau, both of Smith's statements are false.
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