Quote:
Originally Posted by Zaggeron
Those prices from the links you posted were in 1993 dollars. Converting 40,000 in 1993 dollars to 2009 dollars ends up being around 58,000.
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I think you're doing it wrong...
But lets check this out:
Average Income in the United States (1913-2006) ? Visualizing Economics
Income in the mid 90's wasn't far or from income around 2006 (as good as my graph shows).
Now you brought up inflation.
So people are making LESS now (or in 2006...) than they were in 1996. Considering you make the same amount of even more worthless dollars now than then, as a whole.
Your inflation statement has cast just the opposite light on the situation than what you have intended.