Mohacsy's Safe Portfolio Member Forum

[10nisman]

According to the St. Louis Fed, median US household income was $78,250 in 2019. It has fallen 4.7% through 2022 while CPI has moved up over 15% from January 2020 through December 2022. . That is, consumers are roughly 20% under water from 2019 in real household earnings and will likely fall another 4% this year without adjustments. It appears household income will rise again this year, maybe even get back to 2019 levels. If so, American households will be making much less in real terms than they were in 2019 but talking heads will likely blame them for inflation.

Where did you get this blurb, Fox News? The Fed is using ""real" median household income (i.e., inflation adjusted), and thus, you're double counting the inflation impact in the write-up.