Where our economy is, for the young
A lot of anecdotes and conjecture here, so it’s worth analyzing the median trends across generations:<p><a href="https://www.bloomberg.com/opinion/articles/2020-09-23/median-household-income-grew-more-in-the-10s-than-the-90s?sref=R8NfLgwS" rel="nofollow">https://www.bloomberg.com/opinion/articles/2020-09-23/median...</a><p><a href="https://twitter.com/ernietedeschi/status/1308748407633309696" rel="nofollow">https://twitter.com/ernietedeschi/status/1308748407633309696</a><p><a href="https://twitter.com/ernietedeschi/status/1308813020425007105" rel="nofollow">https://twitter.com/ernietedeschi/status/1308813020425007105</a><p>(yes, these are all adjusted for inflation)<p>Real median per capita income is the highest its ever been regardless of which inflation index you use -> <a href="https://twitter.com/Noahpinion/status/1307793622369103872" rel="nofollow">https://twitter.com/Noahpinion/status/1307793622369103872</a><p>Not only that, we’re on average working fewer hours — so not only has income growth been higher in recent years, it’s been of higher quality -> <a href="https://twitter.com/Noahpinion/status/1308790402082766849" rel="nofollow">https://twitter.com/Noahpinion/status/1308790402082766849</a><p>Anecdotes are important because they allow people to voice their concerns, but it’s important that we don’t miss the forest for the trees.