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Median is immune to outliers, so it's generally what you want to look at even in spite of inequality. That being said, you can even look at the per-quintile le
by bhupy 6y ago
Median is immune to outliers, so it's generally what you want to look at even in spite of inequality.
That being said, you can even look at the per-quintile levels -> https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-income-households.html https://www.census.gov/data/tables/time-series/demo/income-p...
See table H-1, All Races (it's an Excel spreadsheet). Across all quintiles, including the bottom 2, inflation-adjusted income has increased.
> When you factor in student loan debt
The median number of years to recoup the cost of a bachelors degree, adjusted for inflation, has gone down since the 1980’s, from about 22 years to about 10 years -> https://libertystreeteconomics.newyorkfed.org/2014/09/the-value-of-a-college-degree.html https://libertystreeteconomics.newyorkfed.org/2014/09/the-va...