[quote=Rich Toscano][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]
You’re doing the inflation adjustment backwards. Median income increased by the difference between 63069 and 64309, plus what inflation was over that period.[/quote] https://www.bls.gov/data/inflation_calculator.htm
Here’s what I used to find out what what inflation adjust $ would be. I have to adjust the number for inflation first before I compare the number. You don’t want to compare the number, and then adjust for inflation. $63069 in 2010 $ is not less than $64309 in 2015 $ when you adjust for inflation.
