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comment by b_b
b_b  ·  1454 days ago  ·  link  ·    ·  parent  ·  post: The fading American dream: Trends in absolute income mobility since 1940

That's an interesting graph in that it seems to indicate that real median household income can predict a recession. Do they have data going back further than mid 80s? N of 3 isn't super convincing, but sure is intriguing.





bioemerl  ·  1452 days ago  ·  link  ·  

Another interesting point is that that graph of the "gap' is worse in cities than in the country, and people have been moving into cities.

kleinbl00  ·  1454 days ago  ·  link  ·  

FRED goes to '84. A quick perusal found Census Bureau going back to '67.

https://upload.wikimedia.org/wikipedia/commons/5/5d/US_real_median_household_income_1967_-_2014.PNG

Source is here, pp 5.

EDIT: it's an interesting report. Their data claims that real wages for men have been declining since 1974.