4 ms·
I wouldn't say US median income is stagnant, more like volatile. It climbed from 50k to 60k between 1985 and 2008, collapsed back to 55k during the recession an
by WillPostForFood 7y ago
I wouldn't say US median income is stagnant, more like volatile. It climbed from 50k to 60k between 1985 and 2008, collapsed back to 55k during the recession and slow recovery in 2012, then climbed back to an all time high of 61k by 2017. But that actually supports your point: it is very difficult to predict a "safe" time to take on debt.
- pault 7y agoIs that adjusted for inflation?
- telotortium 7y agoIt's real income, so yes.
- sokoloff 7y ago“Real” income is adjusted for inflation (by definition). The contra would be nominal income (or typically unqualified is also nominal).