The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in four decades to restore most Americans’ purchasing power.
I do agree its not the greatest metric for a variety of reasons but its still indicative of improvements to the economy. If the opposite was happening it would mean things are getting worse instead of better.
The data showed that while the typical American household regained its 2019 purchasing power in 2023, it essentially experienced no rise in living standards over that time.
Some have what? I’m not following what you mean.
I do agree its not the greatest metric for a variety of reasons but its still indicative of improvements to the economy. If the opposite was happening it would mean things are getting worse instead of better.
Yes, we are finally back to 2019 levels. I still don’t understand what point you are making.
The point is its a meaningless stat to try an make it look like it’s getting better for workers.