Real median income over the years

[Anonymous]

Real median income over the years

1980-2007 average per year: 1.3%
2008-2019 average in per year: 1%
2022-2023 average per year : -0.2%

When I looked at this data I am honestly puzzled by this optimism that our investments in the market will keep growing just as they have in the past.

To this add an aging population, a slowdown in immigration and a rise in age dependency ratio.

Today in Japan, more adult diapers are sold than baby diapers. In this country we have a quarterly thinking just like wall street. But wall Street is increasingly the playground of a few players.

Give me reasons to be optimistic.

If you look at upward mobility 90% of kids born in 1940 did better than their parents. For those born in 1980 only 40% are doing better than their parents.

[Anonymous]

Anonymous wrote:Real median income over the years

1980-2007 average per year: 1.3%
2008-2019 average in per year: 1%
2022-2023 average per year : -0.2%

When I looked at this data I am honestly puzzled by this optimism that our investments in the market will keep growing just as they have in the past.

To this add an aging population, a slowdown in immigration and a rise in age dependency ratio.

Today in Japan, more adult diapers are sold than baby diapers. In this country we have a quarterly thinking just like wall street. But wall Street is increasingly the playground of a few players.

Give me reasons to be optimistic.

If you look at upward mobility 90% of kids born in 1940 did better than their parents. For those born in 1980 only 40% are doing better than their parents.

To me the FIRE movement is one indication that we are not so optimistic about the future. I am 64 years old and I don't think I recall a time in my lifetime when people wanted to have as much wealth as possible as quickly as possible.

[Anonymous]

Anonymous wrote:Real median income [annualized growth]

1980-2007 average per year: 1.3%
2008-2019 average in per year: 1%
2022-2023 average per year : -0.2%

This is growth rates for median household income computed by CBO using the Consumer Price Index (CPI). Households have shrunken, and it is unfair to compare median income for singles and couples with families full of kids.

Also, the Consumer Price Index (CPI) overstates inflation relative to better indices based on Personal Consumption Expenditures (PCE).

While 1.3% seems small, compounding it over 26 years gives a 40% increase! We didn't have cell phones, airbags, antilock brakes, or internet back in 1980. If you wanted porn, you have to buy a nudie magazine at the convenience store. And if you wanted video games, you had to take a sack of quarters to the arcade. Now you can play Call of Duty from you home with cyber-friends around the world.

Ignore short-term results such as a post-Covid recession.

The biggest changes has been high growth for top households. So the rich have gotten richer faster than the poor have gotten richer. But everybody has gotten richer.

[Anonymous]

Anonymous wrote:Real median income over the years

1980-2007 average per year: 1.3%
2008-2019 average in per year: 1%
2022-2023 average per year : -0.2%

When I looked at this data I am honestly puzzled by this optimism that our investments in the market will keep growing just as they have in the past.

To this add an aging population, a slowdown in immigration and a rise in age dependency ratio.

Today in Japan, more adult diapers are sold than baby diapers. In this country we have a quarterly thinking just like wall street. But wall Street is increasingly the playground of a few players.

Give me reasons to be optimistic.

If you look at upward mobility 90% of kids born in 1940 did better than their parents. For those born in 1980 only 40% are doing better than their parents.

That will help immensely. So would stripping all foreign speculators who are buying up land and housing, of their rights and siezing their properties.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Real median income over the years

1980-2007 average per year: 1.3%
2008-2019 average in per year: 1%
2022-2023 average per year : -0.2%

When I looked at this data I am honestly puzzled by this optimism that our investments in the market will keep growing just as they have in the past.

To this add an aging population, a slowdown in immigration and a rise in age dependency ratio.

Today in Japan, more adult diapers are sold than baby diapers. In this country we have a quarterly thinking just like wall street. But wall Street is increasingly the playground of a few players.

Give me reasons to be optimistic.

If you look at upward mobility 90% of kids born in 1940 did better than their parents. For those born in 1980 only 40% are doing better than their parents.

That will help immensely. So would stripping all foreign speculators who are buying up land and housing, of their rights and siezing their properties.

Stealing people’s property without compensation would not be good for the economy, it would also kill foreign investment if people no longer believe that property rights are protected.

[Anonymous]

Anonymous wrote:Real median income over the years

1980-2007 average per year: 1.3%
2008-2019 average in per year: 1%
2022-2023 average per year : -0.2%

I am honestly puzzled by this optimism that our investments in the market will keep growing just as they have in the past.

If you look at upward mobility 90% of kids born in 1940 did better than their parents. For those born in 1980 only 40% are doing better than their parents.

You are confusing income with stock market returns. Stock market returns have been much higher than wage growth.

When surveyed, people report that their personal situation is fine, but they are increasingly concerned about others. Living standards are improving, although not at the historic rates of the 1940's. People with white collar parents often get prestigious humanities degrees with large students loans. Then they become writers, experience downward mobility, and write about the terrible economy and student loan justice. Everybody else is fine.