According to the Authors Guild, income for authors with traditional publishing houses has dropped 30% since 2009. Among the many reasons is the e-book. Since most indie writers don’t make money it means we are all headed, with the exception of Stephen King, for the poor house. All writers need to begin clipping coupons.
What friends and relatives do not realize is that the majority of writers don’t have a stable income. Most actors income is below the poverty level. The public fails to realize that most writers and actors are not megastars. They only here about the Bradley Cooper’s, the Johnny Depp’s. Those extras in TV and movies don’t make big money, and indie writers don’t as well.
Here is a link to the NPA radio report of about 5 minutes, or you can read it as well.