Have you heard the news? American household incomes rose a whopping
5.2 percent in the previous year. We
haven’t seen this kind of economic prosperity since 1967. Holy cow!
All of our champagne dreams and caviar wishes have come true. What’s that?
You don’t believe those numbers?
But, they came from the Obama administration’s Census Bureau. It has to be true. Let’s do the math.
The 2015 real median earnings of men ($51,212) and women
($40,742) who worked full time, year round increased 1.5 percent and 2.7
percent, respectively, between 2014 and 2015.
Oops.
So the 5.2% increase in median
household income came from the man of the house earning 1.5% more and the woman
of the house earning 2.7% more? That’s some math!
If a couple earned an average of 1.9%
more, where did the other 3.3% increase come from?
The report shows the number of men
and women working. Could that have been the source of the gain in household
income? Nope. The number of men working increased by just 2.3% and the number
of women working rose by 1.9%. Obviously some of those formed additional households. So
an increase in the number of working persons per household could not account
for the 5.2% in median income per household.
What happened? Is it
possible the Obama administration fudged the numbers once again? Say it isn’t so.
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