. See , , and . Some researchers, such as and , make the case that the Current Population Survey data understate household income growth. See Methodology for the method used to adjust incomes for household size. The median income splits the income distribution into two halves half the – households earn less than the median and half the households earn more. The median is not affected by extreme highs and lows in reported incomes. It is also not affected by changes in the top codes assigned to income values in the public use versions of the source data, the Current Population Survey. All dollar figures in the report are expressed in 2014 prices. Unless otherwise noted, incomes are adjusted for household size and converted to reflect a household size of three. The shrinking share of adults in middle-income households also plays a role in this transfer of aggregate income. The data on wealth are from the Survey of Consumer Finances and pertain to families, not households. Although often the same, the two are slightly different units of analysis as explained in Methodology. Wealth is not adjusted for family size. An increase in a group’s share that is upper income or a decrease in a group’s share that is lower income signals an improvement in economic status. A decrease in a group’s share that is upper income or an increase in a group’s share that is lower income signals a deterioration in economic status. A 1 percentage point increase or decrease in a group’s share that is lower income is given the same weight as a 1 percentage point increase or decrease in the group’s share that is upper income. (Table 3). . . The New York Review of Books Challenging the Oligarchy Saving Capitalism: For the Many, Not the Few by Robert B. Reich Knopf, 279 pp., $26.95 Robert B. Reich; drawing by James Ferguson
. See , , and . Some researchers, such as and , make the case that the Current Population Survey data understate household income growth. See Methodology for the method used to adjust incomes for household size. The median income splits the income distribution into two halves – half the households earn less than the median and half the households earn more. The median is not affected by extreme highs and lows in reported incomes. It is also not affected by changes in the top codes assigned to income values in the public use versions of the source data, the Current Population Survey. All dollar figures in the report are expressed in 2014 prices. Unless otherwise noted, incomes are adjusted for household size and converted to reflect a household size of three. The shrinking share of adults in middle-income households also plays a role in this transfer of aggregate income. The data on wealth are from the Survey of Consumer Finances and pertain to families, not households. Although often the same, the two are slightly different units of analysis as explained in Methodology. Wealth is not adjusted for family size. An increase in a group’s share that is upper income or a decrease in a group’s share that is lower income signals an improvement in economic status. A decrease in a group’s share that is upper income or an increase in a group’s share that is lower income signals a deterioration in economic status. A 1 percentage point increase or decrease in a group’s share that is lower income is given the same weight as a 1 percentage point increase or decrease in the group’s share that is upper income. (Table 3). . . The New York Review of Books Challenging the Oligarchy Saving Capitalism: For the Many, Not the Few by Robert B. Reich Knopf, 279 pp., $26.95 Robert B. Reich; drawing by James Ferguson