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September 12, 2017 | Real Male Earnings Below 1973 Level: Median Household Income Improvement Entirely Due to Rising Female Earnings

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

The Census Bureau report Income and Poverty in the US 2016 shows real household income in the US hit a new record high of $59,039 in 2016 thanks to a methodology change and rising incomes of women.

Real, inflation adjusted, earnings of men are below where they were in 1973.

Men vs Women

Methodology Change Impact on Earnings

Methodology Change Impact on Poverty

New Record

The Wall Street Journal reports U.S. Household Incomes Rose in 2016 to New Record.

Widening Inequality

Hooray!

Slightly more than half of US households are now back to where they were in 2000.

For income, there were statistically significant differences for many key measures
between the redesigned and traditional questions. For example, median household
income calculated by using the redesigned questions was 3.2 percent higher than the
median income found using the traditional questions.

When all else fails, change the methodology.

Mike “Mish” Shedlock

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September 12th, 2017

Posted In: Mish Talk

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