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Is 1.6% a healthy median rise in income? According to Statista the inflation rate has been equal or more than that with the exception of four years during that
by Erikun 2y ago
Is 1.6% a healthy median rise in income? According to Statista the inflation rate has been equal or more than that with the exception of four years during that time frame. https://www.statista.com/statistics/191077/inflation-rate-in-the-usa-since-1990/ https://www.statista.com/statistics/191077/inflation-rate-in...
- timerol 2y agoIt's already adjusted for inflation, like most economic statistics posted by non-cranks. "Real" means inflation adjusted, "nominal" means not adjusted
- opo 2y ago>According to Statista the inflation rate has been equal or more than that with the exception of four years during that time frame. The 57% growth is after inflation: >>...median real income rose by 57% from 1990 to 2019. ('real' income means after inflation, 'nominal' income means before inflation.)
- BurningFrog 2y agoAn annual rise of 1.6% means income doubles ever 44 years. Again: These number are already adjusted for inflation.