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Median disposable household income is higher in the US than anywhere else in the world [0]. Real median personal income has increased 50% since the 1970s [1].
by istjohn 1y ago
Median disposable household income is higher in the US than anywhere else in the world [0]. Real median personal income has increased 50% since the 1970s [1].
0. https://en.m.wikipedia.org/wiki/Disposable_household_and_per_capita_income https://en.m.wikipedia.org/wiki/Disposable_household_and_per...
1. https://www.noahpinion.blog/p/globalization-did-not-hollow-out https://www.noahpinion.blog/p/globalization-did-not-hollow-o...
- digianarchist 1y agoWhat’s your point? All of the things I listed have far outpaced income and disposable income.
- levocardia 1y ago"disposable" income means "subtracting necessities like housing" so if disposable income is going up, by definition your claim cannot be correct
- digianarchist 1y agoThat's not correct. From the article: > Note that this includes taxes and transfers, including in-kind transfers like government-provided health care. So excluding housing, health insurance and student loan repayments etc.
- deleted 1y ago[deleted]
- ianburrell 1y agoOfficially, disposable income means income minus taxes. Lots of people assume it means minus necessities like housing and food, but that is discretionary income.