3 ms·
Incomes have risen, but inflation-adjusted income for the bottom half of earners has essentially been flat for 40 years. http://www.businessinsider.com/us-hous
by Joeri 14y ago
Incomes have risen, but inflation-adjusted income for the bottom half of earners has essentially been flat for 40 years.
http://www.businessinsider.com/us-household-incomes-a-42-year-perspective-2011-3 http://www.businessinsider.com/us-household-incomes-a-42-yea...
- twoodfin 14y agoWhat does that prove? You really think a 60th percentile-level household in 1970 was better off than a 40th percentile-level household today? I'd spot you a whole quintile. And even without accounting for the difficulty in comparing like-to-like over 40 years of CPI indexing, or the change in the demographics of U.S. households, that median line still looks pretty good when you realize you're looking at a linear scale.