Comment by Ajedi32
6 days ago
Median purchasing power has increased by 12% since 1979 (data doesn't go back to 1975) https://fred.stlouisfed.org/series/LES1252881600Q
6 days ago
Median purchasing power has increased by 12% since 1979 (data doesn't go back to 1975) https://fred.stlouisfed.org/series/LES1252881600Q
Real wages were down ~15-20% from 1970 to 1979... so, not a good year to anchor on.
Where are you sourcing that data from? The graph I linked using data from the U.S. Bureau of Labor Statistics doesn't go back that far, so comparing to 1970 would not be possible.
US Census tracks income, its just harder to pull out since they don't provide nice charts like the fed.
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