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sandensea

(21,624 posts)

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

Reply to Recursion (Reply #22)

Wed Sep 12, 2018, 03:05 PM

Sep 2018

Well.

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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