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Monday, January 17, 2022

Gasoline Prices vs Median Family Income

OK thanks to commenters I think we're honing in on the truth about gasoline prices, by comparing them to median family income since 1990. It paints a much different picture than comparing them to personal income per capita:
 

Clearly median family income is barely, if that, keeping up with gas prices, and that's only in recent years. And now falling behind again.

And just as clearly, median family income isn't keeping up with personal income per capita -- evidence of the widening income inequality, I guess.

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1 comment:

  1. Layzej12:45 PM

    The really curious thing, comparing this post to the last one, is that median income dropped starting in 2019, but income per capita rose at an accelerated pace during that time.

    That looks like the first time that average has gone up while median went down: https://fred.stlouisfed.org/graph/?g=KZNP

    Seems the rich have done quite well during the pandemic.

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