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Are incomes inflation adjusted? The average income when I was a kid was $50k per year, about the same as it is now, except that $50k has 50% less purchasing po
by edoo 7y ago
Are incomes inflation adjusted? The average income when I was a kid was $50k per year, about the same as it is now, except that $50k has 50% less purchasing power today. $50k today is the equivalent of $25k 30 years ago.
- rayiner 7y agoYes they are. Nominal median income in 1990 was under $30,000: https://fred.stlouisfed.org/series/MEHOINUSA646N https://fred.stlouisfed.org/series/MEHOINUSA646N Here's probably a more interesting statistic. Women's labor force participation rate hit current levels around 1990-1995, when I was a kid. Since then, the median inflation-adjusted income for a married couple with two people working has increased more than 20%, from under $90,000 to over $110,000: https://fee.org/media/30584/census3.png?width=600&height=409.64912280701753 https://fee.org/media/30584/census3.png?width=600&height=409....