Robert Pear wrote an insightful piece in The New York Times about the official end of the 2007 recession and the decrease in incomes during the two years of the recession, and the two years after it ended. Follow this link to the article.
There is definitely a disconnect between those experiencing the ravages of recession versus those claiming that it is over. Could part of the problem be that policy makers focus too much on the output side when trying to boost the economy versus implementing policy that incentivizes better use of our natural and human resources?
Maybe we need to change the definition of recession, so that we can create effective policies to combat unemployment and slow moving credit.