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2.5 cheers for 2016’s new high in real median income!

Summary:
Given that I consider jobs and wages for average Americans my #1 focus, it’s only fair that I write about this week’s release of the real median household income for 2016, don’t you think? A few years ago I wrote that real median household income was the most misused statistic in the entire econoblogosphere.  That’s because: it is NOT a measure of real wages.  It includes all income — things like pensions, dividends, and social security. it includes ALL households, not just those headed by workers. A household of full time students is included.  Your 85 year old grandparents are included. A household where one or more persons is unemployed is included.  A household where one spouse stays home to raise the children is included. it is subject to

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Dan Crawford
aka Rdan owns, designs, moderates, and manages Angry Bear since 2007. Dan is the fourth ‘owner’.

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