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There has been almost no increase in median household income since 1970s.

- http://web.stanford.edu/class/polisci120a/immigration/Median...

- https://fred.stlouisfed.org/series/MEHOINUSA672N

This depends on very closely with how precisely you account for inflation.

Accounting for inflation is not scientific. Its a social science. A median household can afford more of and better quality things today than the past, but some measures of inflation will not account for this correctly.

Thanks, I didn't realize this aspect of inflation. Although I'd imagine the straight forward measure is good enough when it is used for relative comparisons between top x% to bottom y%.

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