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US Politics 5d
“$26,000 forty years ago is the same as $26,000 now so median income being $45,000 now is better”
35 upvotes, 15 comments. Yik Yak image post by Anonymous in US Politics. "“$26,000 forty years ago is the same as $26,000 now so median income being $45,000 now is better”"
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US Politics 5d
When you tell a leftist that median income has risen faster than inflation:
-12 upvote, 46 comments. Yik Yak image post by Anonymous in US Politics. "When you tell a leftist that median income has risen faster than inflation:"
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15
upvote 35 downvote
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Anonymous 5d

Me when im stupid and don’t understand numbers

upvote 12 downvote
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Anonymous 5d

You understand that this is already adjusted for inflation, right?

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upvote 5 downvote
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Anonymous 5d

My sibling in Christ do you know why it says “2024 CPI-U dollars”? It’s controlling for the exact thing you’re complaining about

upvote 4 downvote
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Anonymous 5d

Me when I go on the Internet and find one number that makes me look correct

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upvote 4 downvote
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Anonymous 5d
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upvote 1 downvote
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Anonymous 5d
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upvote 1 downvote
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Anonymous replying to -> #1 5d

This is what it looks like without the inflation adjustment

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upvote 4 downvote
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Anonymous replying to -> #4 5d

Real median family income is also at an all time high

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upvote 3 downvote
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Anonymous replying to -> #4 5d

Real median household income is at an all time high. FRED is nice enough to do the inflation calculation for you.

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upvote 3 downvote
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Anonymous replying to -> #1 5d

But FRED wouldn’t have let me screen grab the exact calculator they used but with correct numbers 🙂

upvote 4 downvote
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Anonymous replying to -> #4 5d

I’m confused about what you’re trying to prove

upvote 4 downvote
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Anonymous replying to -> #2 5d

That makes two of us

upvote 1 downvote
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Anonymous replying to -> #2 5d

OP is picking a random number that sounds low, backdating it 40 years, and using an inflation calculator to make it seem like real incomes are bad. The context is that the number the picked is significantly higher than the median income in 1980. If OP wanted a real comparison they could have plugged in actual median income from 1980 into the calculator and would’ve seen the number it gives for 2025 dollars is significantly lower than 2026 median income. But that would’ve required honesty 🤷‍♂️

upvote 7 downvote
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Anonymous replying to -> #4 5d

Or they could’ve just used the FRED numbers, sure, but economic doomers think those numbers are cooked anyways and then go picking cherries to present out of context with an unsourced inflation adjustment that actually gets to what are basically the FRED numbers anyways given the right input.

upvote 8 downvote
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Anonymous replying to -> #4 5d

Wait I forgot OP didn’t understand what “real income” meant nvm 😭 sad that this has so many upvotes

upvote 7 downvote