3 ms·
It's literally the first sentence. "Real median household income" - the real means that it's inflation adjusted. "After tax" just tells us specifically what's
by RhodesianHunter 3y ago
It's literally the first sentence. "Real median household income" - the real means that it's inflation adjusted.
"After tax" just tells us specifically what's being measured.
- Retric 3y agoAfter tax is used because inflation adjusted before tax median income only dropped by 2.3%. Inflation may have represented at most 1/4th of the drop ignoring all other causes, but 3/4 comes from changes in tax policy.