[zeroonetwothree]

1974 median individual income was $28k 2024 median individual income was $45k

Over 50 years that’s a decent amount of growth. Obviously it could be better but it’s not nothing.

Source: https://fred.stlouisfed.org/series/MEPAINUSA672N

[amypetrik8]

Sure but pretty sure with your 1974 28k you could buy a nice house, whereas with your 2024 (equivalent) 45k you can buy an OK car, not a house

[raincole]

In theory this graph is already inflation-adjusted.

In practice, I think this shows why economic statistics are borderline lies.

[marcosdumay]

The problem is inflation. We have no way to reliably measure it over any long time-frame. Make the time long enough, and it even stops making sense as a concept.