Anyone want to unpack this can of worms carefully? https://twitter.com/brooklynbrett/status/732297420168527872 …
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@BrooklynBrett for one, household size is getting smaller as people have kids later, more single parents, fewer marriagesThanks. Twitter will use this to make your timeline better. UndoUndo
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also, marriages of professional women with professional men lead to more stratified income levels.
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@BrooklynBrett@EconTalker cool looking graph that may or may not have any meaning depending on your existing beliefs and biases?Thanks. Twitter will use this to make your timeline better. UndoUndo
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50k is ~ median in '12, 100k 78%ile. Assuming AEI not lying, an interesting narrative. A rising tide? http://1.bp.blogspot.com/-nkE96F6Bdq4/Ujtqcs76BNI/AAAAAAAAI9Y/DonsFjoQlaU/s1600/a-cumulative-income-distribution-us-households-2012.png …
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tricky to think straight about this. Rel income is 0-sum, econ growth not. But ppl often care more about relative comparison.
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it's quite possible for general rise in income (econ growth) and still have changes in curve shape (rel inc distribution).
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