US median household income trap – My Budget 360

   US median household income trap – My Budget 360

Household income growth in the US has largely been absent for well over a decade if we adjust for inflation.  This is important because people truly care about what their money can purchase.  What use is it getting a $1 raise if healthcare went up $2?  What use is it that you are earning $1,000 more a year when sending your kids to college now costs $5,000 a year more?  It is unfortunate so little attention is given to income growth when the available data is readily available.  Part of the lack of coverage probably stems from the reality that the mainstream press is largely an advertising vehicle.  Do not hold your breath for deep analysis and reporting from the press.  Telling people how their inflation adjusted incomes are back to 1990s levels isn’t going to encourage people to go out and buy that new car, fancy tech gadget, or go into heavy debt for that new home.  Let us dive deep into the income data.