re: However, rate of income gains for the bottom 3 or 4 (out of five) population slices have decelerated. I'm sure you will agree.
that was not the topic of our discussion, I am sure you will agree
re: As I pointed out, the government does not officially define "middle class".
true but you insist on making statements about middle class income growth. It is hard to argue about "middle class" income without knowing strict definition of "middle class"
re: Believe the stats already have
I assume you are talking about
Message 19712871
let me quote the quote that you used:
"...Compared with a generation ago, she found, today's middle-class families earn about 75 percent more (all figures are adjusted for inflation), thanks in large part to Mom's entrance into the work force. But after shelling out for four fixed expenses - mortgage, health insurance, child care or education, and car payments - today's median-income family has less left over, in inflation-adjusted dollars, than the single-income family of the 1970s"
the above statement is contradictory in nature because inflation adjustment is not defined that is there are few different definition, depending on application, of inflation. My understanding is that when people are speaking of income adjustment then such things as housing and such are already included. So without seeing actual calculations and knowing how many false statements on the topic are floating around I can safely assume that it is double counting - again, feel free to prove me wrong
re: Nearly twice the hours
that is irrelevant when income per household considered. But if you want to check income per individual then you will find that those numbers are showing healthy growth as well - feel free to prove me wrong there too |
