Median US income rises to highest on record even as Americans feel affordability pinch

Comments

• TheFermentalist@reddthat.com ⁨1⁩ ⁨week⁩ ago

  The median will be rising because of the obscene amount that billionaires have accumulated over the period since COVID.

  When you look at a middle point, and one end moves dramatically, the middle shifts as well.

  To get a genuine look at what is happening for the average American, there needs to be correction for the oligarchs.

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  • realcaseyrollins@hilariouschaos.com ⁨1⁩ ⁨week⁩ ago

    The problem with your argument is that there are so few billionaires, it’d take forever for a shift in their income to result in a significant adjustment of the median income.

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    • TheFermentalist@reddthat.com ⁨1⁩ ⁨week⁩ ago

      Bullshit. Currently 700 billionaires in the USA, between 2020 and 2026 their collective wealth increased by over 70%.

      Enough to have a meaningful impact on the median.

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