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That chart is the core of the article and answers several questions from the comments here: yes it's inflation-adjusted, the ratio has gone down over time (90%
by infogulch 10y ago
That chart is the core of the article and answers several questions from the comments here: yes it's inflation-adjusted, the ratio has gone down over time (90% of people born in the 1940's earned more than their parents at 30, and it's gone down to 50% now).
- refurb 10y agoIs that really that surprising? People born in the 1940's would have lived through a massive economic upswing post WW2. While their parents probably experience the Great Depression through their 30's.
- AnimalMuppet 10y agoIt would be interesting to see the same chart extended back another 50 years...