3 ms·
> 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 inc
by 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).