Re:Where our economy is, for the young
by nicoburns on Friday October 02, 2020 @09:20AM
(#24662276)
You really want to be comparing distribution curves rather than looking at any single average.
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Well, we're looking at the median here, which tells us what the lot of the "average American is".
If you want to compare distribution curves, you can look at the income growth separated by quintile.
That can be found here -> https://www.census.gov/data/tables/time-series/demo/income-p...
Click on "Income Limits for each Fifth and Top 5 percent", All Races. It's an Excel spreadsheet.
The real income of the bottom 2 quintiles have also dramatically increased.