[quote=no_such_reality][quote=AN][quote=Rich Toscano]No, I don’t think the census got it wrong, but you are confusing inflation-adjusted figures for nominal ones.[/quote]Nominal median income in 2010 was $63069, inflation adjusted based on BLS would be $68,553.15 in 2015 $. Median income in 2015 was $64309. Which mean adjusted for inflation, the median income decreased by 6.19%. All the while, the population making >$150k has increased.[/quote]
AN is correct, the income data sets clearly say that 2015 is in 2015 dollars and 2010 is in 2010 dollars. A 2010 dollar is worth 1.087 in 2015.
You guys are confused about how the inflation adjustment works.
To put some perspective on it, go look at the BLS per capita income data, which is not inflation adjusted.
From 2010 to 2015, nominal per capita income increased by over 21%. (Per capita is different from median household, but in terms of growth rates they are extremely similar).
To argue that nominal incomes from 2010-2015 increased less than 2% (no_such_reality) or that they decreased (AN) is way off base.
