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What 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 who
by twoodfin 14y ago
What 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.