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Inflation adjusted income has risen pretty consistently. The stat people sometimes cite for that is household income which has more to do with changes in averag
by cdot2 3y ago
Inflation adjusted income has risen pretty consistently. The stat people sometimes cite for that is household income which has more to do with changes in average household size rather than changes in wages
- twoodfin 3y agoReal disposable personal income per capita (which accounts for government transfers & subsidies, hence the big Covid spike) has also been on a steady incline. https://fred.stlouisfed.org/series/A229RX0 https://fred.stlouisfed.org/series/A229RX0 Median household income has doubled since only 1994. https://www.statista.com/statistics/200838/median-household-income-in-the-united-states/ https://www.statista.com/statistics/200838/median-household-...
- Joeri 3y agoDoes that also hold up for the bottom quintile?