2 ms·
> incomes for lower and middle-class families have fallen since the 80s. This is core to their argument, but it's false. Looking at the mean income of the lowe
by jefftk 6y ago
> incomes for lower and middle-class families have fallen since the 80s.
This is core to their argument, but it's false. Looking at the mean income of the lowest quintile in the US, historical and adjusting for inflation:
1980 $4,310 $13,757
1990 $7,166 $14,420
2000 $10,190 $15,563
2010 $10,994 $13,260
2018 $13,995 $14,658
https://www.taxpolicycenter.org/statistics/household-income-quintiles https://www.taxpolicycenter.org/statistics/household-income-...
(And, of course, internationally income has improved dramatically)