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[–] 1 point 1 week ago (2 children)

The median will be rising because of the obscene amount that billionaires have accumulated over the period since COVID.

When you look at a middle point, and one end moves dramatically, the middle shifts as well.

To get a genuine look at what is happening for the average American, there needs to be correction for the oligarchs.

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  • [–] [S] -4 points 1 week ago (1 child)

    The problem with your argument is that there are so few billionaires, it'd take forever for a shift in their income to result in a significant adjustment of the median income.

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  • [–] 3 points 1 week ago*

    Bullshit. Currently 700 billionaires in the USA, between 2020 and 2026 their collective wealth increased by over 70%.

    Enough to have a meaningful impact on the median.

    Edit: from control of less than $3t in 2020 to control of over $5t now, a 10% increase in control of total US wealth

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