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> not only do you get less for your money you also have less money The figures you cited are real median income, meaning the effect of inflation has been backe

> not only do you get less for your money you also have less money The figures you cited are real median income, meaning the effect of inflation has been backed out. The C-CPI-U was around 8% in 2022. If the Census report says that real incomes (what your paycheck can buy) decreased 2.3%, that means that nominal incomes (the numbers on your paycheck) increased by a little over 5%. The unlabeled table on page 14 shows that they used 7.8% as the deflator for 2022. Do not repeat the nonsense that "not only has your [real] income decreased, but inflation has made things more expensive". That may or may not be the case, but if you're going to cite both, you should be citing nominal income, not real income. (In particular in 2022, this was not the case and this error leads the reader to an incorrect conclusion.) I think a portion of people who say things like this don't know what they're talking about. Another portion knows exactly what they're talking about but realizes that other people won't and is able to spin misleading messages out of that gap in understanding. (Make no mistake, there are actual problems facing the median income American, but there is also a lot of mis-speak about them, some of which is intentional.)

lesuorac 3y ago
> Do not repeat the nonsense that "not only has your [real] income decreased, but inflation has made things more expensive". Non-Sequiter. That isn't a quote of something I wrote. The thing I actually wrote is "so not only do you get less for your money you also have less money!". Which is accurate. Shrinkflation means when you go out to buy detergent you only get 15.5 oz instead of 16oz so you're getting less for your money. Real income decreasing by 2.3% means you have less money. "so not only do you get less for your money you also have less money!" People really aren't going to care that their income is up 5% if the rent is up 8% ... The real value is noticed.
- sokoloff 3y ago
  > Real income decreasing by 2.3% means you have less money. You still appear to not understand. You have MORE money in your paycheck (if you were a median income earner in both 2021 and 2022). That money just has less purchasing power by a greater amount than the increase in money. More money (nominal income is up), but less purchasing power (real income is down).

lesuorac 3y ago

> Do not repeat the nonsense that "not only has your [real] income decreased, but inflation has made things more expensive". Non-Sequiter. That isn't a quote of something I wrote. The thing I actually wrote is "so not only do you get less for your money you also have less money!". Which is accurate. Shrinkflation means when you go out to buy detergent you only get 15.5 oz instead of 16oz so you're getting less for your money. Real income decreasing by 2.3% means you have less money. "so not only do you get less for your money you also have less money!" People really aren't going to care that their income is up 5% if the rent is up 8% ... The real value is noticed.

sokoloff 3y ago
> Real income decreasing by 2.3% means you have less money. You still appear to not understand. You have MORE money in your paycheck (if you were a median income earner in both 2021 and 2022). That money just has less purchasing power by a greater amount than the increase in money. More money (nominal income is up), but less purchasing power (real income is down).