Widespread Misinformation Follows Household Median Income Report

Published Friday, September 21, 2018 at: 7:00 AM EDT

Release of the U.S. Census Bureau's annual report on median income received widespread press coverage since its September 12 release, much of it misleading.Some press reports said it was evidence of rising income inequality. Others said it was just the latest confirmation of two-decades of wage stagnation and a struggling middle-class. Independent economist Fritz Meyer says household median income is a poor measure of American wealth distribution and economic progress of Americans. His research belies widely-held notions about wealth inequality and wage growth of Americans. The three lines in this chart represent the percentage distribution of American households across nine...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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