Re:Where our economy is, for the young
by bhupy on Friday October 02, 2020 @05:37PM
(#24667261)
> BUT, I'm not saying your data isn't relevant. Just that housing and college are pretty big things to leave out, but IIUC they are not part of the standard inflation measure.
There's also not one single standard inflation measure, there are a number of different ones with different weights. The real median income is up regardless of which measure you choose to use.
They are not left out:
https://twitter.com/jmhorp/status/1308799186301747200
https://www.bls.gov/cpi/tables/relative-importance/2019.txt
There's also not one single standard inflation measure, there are a number of different ones with different weights. The real median income is up regardless of which measure you choose to use.