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.

Posted in Medianism

Leave a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 67 other followers

Blog Archive