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0 sats \ 0 replies \ @AyCaramba OP 31 Aug 2023 \ parent \ on: People in the US are getting poorer since 1963 (housing data shows). bitcoin
I use averages precisely because of all the debatable nuances there are in the income distribution.
I have no doubt the wealthiest 10%-20% of the people have increased their purchasing power to buy property.
For the poorer 80% of the people, this decline is even worse.
Because of the income inequality distribution, I could have used the median values instead of the averages, and that would have shown even a grimmer picture than the numbers I showed. But that would be something an economist can debate saying that the total share of wealth is the important element, thus the average numbers are the important.
Also I did not find in my sources any data other than averages.