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Recursion

(56,582 posts)

11. No, I mean, it's the opposite of what you're saying

Reply to sandensea (Reply #9)

Wed Sep 12, 2018, 02:37 PM

Sep 2018

Income is higher than it's ever been after you adjust for inflation. The median US household is able to buy more stuff now than at any point in the past.

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Middle-class income rose above $61,000 for the first time last year, U.S. Census Bureau say [View all] mahatmakanejeeves Sep 2018 OP

But after inflation, it's still stuck at 1978 levels. sandensea Sep 2018 #1

"All the income figures have been adjusted for inflation and are reported in 2017 dollars." mahatmakanejeeves Sep 2018 #3

Exactly: AFTER inflation. sandensea Sep 2018 #8

No, you have it backwards Recursion Sep 2018 #12

There are charts in the original report, but I can't link to them. mahatmakanejeeves Sep 2018 #13

That's exactly my point. Thank you! sandensea Sep 2018 #16

Well, most working families I know consider $1000 something significant Recursion Sep 2018 #17

True. sandensea Sep 2018 #18

That's inflation-adjusted dollars (nt) Recursion Sep 2018 #7

Hence 'AFTER' inflation sandensea Sep 2018 #9

No, I mean, it's the opposite of what you're saying Recursion Sep 2018 #11

Well, according to the data itself the change is 'statistically insignificant' since '99. sandensea Sep 2018 #14

IDK. I've never really understood inflation trutherism Recursion Sep 2018 #19

The report was put together by the GS-something bureaucrats at the Census Bureau. mahatmakanejeeves Sep 2018 #20

Oh? sandensea Sep 2018 #21

Well, no, they can't "touch up" inflation data Recursion Sep 2018 #22

If you believe Rove didn't twist arms at the BEA, like he did at OMB (to great effect). sandensea Sep 2018 #24

Guess who's going to attempt to take all the credit? True Dough Sep 2018 #2

LOl omg that's amazing. Stealing. lol lol JHan Sep 2018 #4

What a horrible picture. You should've warned us! ENT raccoon Sep 2018 #29

Wait until you get your tax for 2017 comes due when they vote today on there 2.0 plan turbinetree Sep 2018 #5

Yeah. dchill Sep 2018 #6

The central political mystery of the past 4 years or so is why this isn't making people happy Recursion Sep 2018 #10

During the last press briefing... Chakaconcarne Sep 2018 #15

Are they calculating it relative to housing costs? LisaM Sep 2018 #23

Housing is a component of the inflation index, yes Recursion Sep 2018 #25

I wish I made that much. nt Javaman Sep 2018 #26

Here is a different view, from two weeks ago: mahatmakanejeeves Sep 2018 #27

"The incomes are adjusted for inflation" progree Sep 2018 #30

Two different time periods. They're always adjusted for inflation. Recursion Sep 2018 #32

Most people, like probably 90%, who read a news article like this, don't know they are (usually) progree Sep 2018 #33

Wow, I'm screwed. Mad-in-Mo Sep 2018 #28

How is Middle Class being determined? By income or by social power? haele Sep 2018 #31

"Not doing better than their fathers:" Men's earnings have fallen since 1970's, Census says mahatmakanejeeves Sep 2018 #34

Household incomes in the District rise dramatically in 2017 mahatmakanejeeves Sep 2018 #35