Author Topic: Incomes Collapsing in the US  (Read 2429 times)

0 Members and 1 Guest are viewing this topic.

Offline TimG

  • Hero Member
  • *****
  • Posts: 2616
Re: Incomes Collapsing in the US
« on: February 08, 2017, 06:06:47 pm »
The absolute amount of money is totally irrelevant, it is the buying power that is important.
That is why I said *real* income. i.e. income after adjusting for inflation so your point is moot. Rising real incomes mean the buying power of poor people is increasing over time. If you have an issue with way the CPI is calculated then that is a different question. Perhaps you can find studies that use alternative ways of calculating real income that use something other than the CPI.
« Last Edit: February 08, 2017, 06:40:19 pm by TimG »