You're adjusting for inflation twice. The numbers I gave in my comment, and in the chart I linked, are after inflation adjustment. Here's the equivalent chart

You're adjusting for inflation twice. The numbers I gave in my comment, and in the chart I linked, are after inflation adjustment. Here's the equivalent chart without inflation adjustment, which gives the (incorrect) impression of sharply rising incomes: https://fred.stlouisfed.org/series/MEHOINUSA646N https://fred.stlouisfed.org/series/MEHOINUSA646N