[johngarrison]

Not if inflation is 3-4% per year.

[sokoloff]

Real income growth is, by definition, after accounting for inflation.

The opposing term is "nominal income growth" which does not account for inflation.

[WaxProlix]

He said 'real' income growth, which I take to mean adjusted for inflation and maybe also various cost of living increases/decreases.

[kevinnk]

"Real income growth" is the growth in income post inflation.

[Sophistifunk]

And even less so if "inflation" has been redefined specifically to be lower, in order to reduce the amount of real money that needs to go into social security.