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That first graph says the median income in 1974 was the equivalent of $5335 in today's dollars. I don't think it's adjusting for cost of living, because people
by leereeves 2y ago
That first graph says the median income in 1974 was the equivalent of $5335 in today's dollars. I don't think it's adjusting for cost of living, because people lived a lot better in 1974 than you could live today on $5k per year.
- twoodfin 2y agoOops, yes meant to post real median personal income: https://fred.stlouisfed.org/series/MEPAINUSA672N https://fred.stlouisfed.org/series/MEPAINUSA672N