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A comment on Where our economy is, for the young. Parent comment

Re:Where our economy is, for the young by bhupy on Friday October 02, 2020 @09:06AM (#24662171)
It’s “reliable” insofar as it tells us how the “average” person is doing, and by definition the lower bound for the top half of the population.
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Re:Where our economy is, for the young by TeMPOraL on Friday October 02, 2020 @09:26AM (#24662325)
Not reliable at all if you have a bimodal or multimodal distribution.
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Re:Where our economy is, for the young by bhupy on Friday October 02, 2020 @09:42AM (#24662490)
That’s not true. As long as you’re taking into account the median purchasing power, it doesn’t matter what the shape of the distribution is.

Real median income has increased regardless of the choice of inflation index.

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