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A comment on Inheriting is becoming nearly as important as working. Parent comment

Re:Inheriting is becoming nearly as important as working by Erikun on Saturday March 01, 2025 @12:25PM (#43221441)
Is 1.6% a healthy median rise in income? According to Statista the inflation rate has been equal or more than that with the exception of four years during that time frame. https://www.statista.com/statistics/191077/inflation-rate-in...
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Re:Inheriting is becoming nearly as important as working by opo on Saturday March 01, 2025 @12:38PM (#43221542)
>According to Statista the inflation rate has been equal or more than that with the exception of four years during that time frame.

The 57% growth is after inflation:

>>...median real income rose by 57% from 1990 to 2019.

('real' income means after inflation, 'nominal' income means before inflation.)

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Re:Inheriting is becoming nearly as important as working by timerol on Saturday March 01, 2025 @12:33PM (#43221504)
It's already adjusted for inflation, like most economic statistics posted by non-cranks. "Real" means inflation adjusted, "nominal" means not adjusted
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Re:Inheriting is becoming nearly as important as working by BurningFrog on Saturday March 01, 2025 @01:06PM (#43221813)
An annual rise of 1.6% means income doubles ever 44 years.

Again: These number are already adjusted for inflation.

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