Source: Advisor Perspectives
Courtesy of Doug Short, we see from the above that the past decade has seen no gains in real median household incomes. Indeed, the free fall began in earnest in 2008, and now reflects an 8.1% decrease in real buying power.
This is for the median household — we know from Fed and IRS data that the past decade has seen a modest gains in the top 30% of all earners, bigger gains in the top 10%, very significant increases in the top 1.0%, and enormous gains in the top 0.1%.
If you combine the real median income chart above with knowledge of an how US income distribution is skewed, you get a much into starker context for median income changes. It implies that the bottom 70% has done far worse than the minus 8% of this chart.
Category: Wages & Income
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.