I have posted two interesting charts from Shedlock's article. Illusion of Prosperity: Deflating the American Dream; No Recovery in "Real" Income Mike Shedlock | Sep 25, 2013 Median Household Income from 1967 - 2012Comparing nominal growth and real growthCPI is used to create 'real' income:Since 2000Comparing nominal growth and real growthShedlock reminds us that the CPI is a flawed measure
Interesting, Algernon. Marked for later read.
Front Porch Punditry
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Fri Sep 27, 2013 4:57 pm
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Front Porch Punditry
Front Porch Punditry