3 ms·

Peoples salaries didn’t go up by that same fraction either

• wutbrodo 5y ago
  Yes, they went up much, much more, almost double the price increase we're discussing. Nominal median household income in 2019 was $69k, compared to $42k in 2003, for an increase of 64%[1]. The price inflation figure that the parent comment shared is about a 36% increase in nominal dollars. Using the parent comment's inflation and ignoring his claimed 25% nominal price decline for the Golf, this means that a new Golf costs a dramatically lower portion of median income. Whoever told you that real median income has been negative since 2003 has badly misled you. I suggest doing a quick spot-check when you hear a new figure, as these figures are very, very easy to find. [1] https://www.statista.com/statistics/200838/median-household-income-in-the-united-states/ https://www.statista.com/statistics/200838/median-household-... The figures are denominated in 2019 dollars, so I converted the 2003 household income figures to 2003 dollars to get the nominal comparison we're discussing. I used the parent comment's inflation figure for consistency.
  • gentleman11 5y ago
    Interesting, thanks
• midasuni 5y ago
  33% in 18 years? About 1.5% per year? That does not sound extreme