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Men have suffered the brunt of the real-wage repression over the past four decades.
But the figure doesn’t include capital gains.
With investment returns included, the data becomes even more skewed.
Women weren’t so lucky either. But who got the spoils?
On the surface, the annual household income data released by the Census Bureau today, looks mediocre. But beneath the surface, it looks grim – grim for whom? Ha, we’ll get to that.
So the mediocre news right up front:
Median household income in 2017, adjusted for inflation (via CPI), inched up a measly 1.8% to $ 61,372. “Household income” is the entire pre-tax “money income” of a household, including wages, interest, dividends, Social Security, Workers Comp, child support, and the like, but excluding capital gains. The mediocre news is that median household income has finally inched above where it had been 18 years ago, in 1999:
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- 31 beautiful photos of traditional wedding dresses from around the world