2019 was the best year for median income on record in America. Too bad the pandemic has probably knocked it back down for 2020.

This is great news from the Census Bureau in a time when there isn’t a lot of other great news. The different saturation of the lines in the 2000s represent changes in the methodology for calculating median income, which makes it a bit harder to compare the amount today with the data for 1967-2012 because the new methodology inflates the growth in median income more than the old methodology did. So we don’t really know if we just had the fastest growth in median income since 1967 because we used to calculate median income growth in a different way.

Professor of Economics at Bluffton University

Posted in Medianism

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