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They have not declined. They just have not kept up.
by ArkyBeagle 11y ago
They have not declined. They just have not kept up.
- sp332 11y agoFrom the article: "Average adjusted gross income for filers in the second-highest fifth dropped by about 1 percent.... Adjusted gross income in the second-lowest fifth declined the most, 9 percent".
- ArkyBeagle 11y agoOn an adjusted basis, sure. I was speaking in absolute terms. What's happening is that people are leaving the second quintile. About 1/3 move down, 2/3 move up. The sort of thing people in the second quintile used to do has evaporated.