4 ms·
Not if inflation is 3-4% per year.
by johngarrison 9y ago
Not if inflation is 3-4% per year.
- sokoloff 9y agoReal income growth is, by definition, after accounting for inflation. The opposing term is "nominal income growth" which does not account for inflation.
- kevinnk 9y ago"Real income growth" is the growth in income post inflation.
- WaxProlix 9y agoHe said 'real' income growth, which I take to mean adjusted for inflation and maybe also various cost of living increases/decreases.
- Sophistifunk 9y agoAnd even less so if "inflation" has been redefined specifically to be lower, in order to reduce the amount of real money that needs to go into social security.