Inflation-Adjusted U.S. Median Income
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An Inflation-Adjusted U.S. Median Income is a Inflation-Adjusted Median Income for a U.S. Median Income.
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- Counter-Example(s):
- See: Raw U.S. Median Income, U.S. Median Income Growth.
References
2014
- (Sakir, 2014) ⇒ Salman Sakir. (2014). “Why It’s Bad When a Country’s GDP Grows More Than the Income of Its People." personal blog post.
- QUOTE: … During the same period, CPI-adjusted median income increased from US $43,558 in 1967 to US $52,646 in 2010 according to US Census Bureau data. This yields a CAGR of 0.44 percent. It means that while GDP grew on average by 2.9 percent per year, CPI-adjusted median income increased by only 0.44 percent per year. There has been clearly a divergence in GDP growth and median income growth.
- NOTE: The comparison should be against per Capita GDP growth not GDP growth which does not account for population changes.