Working Papers

EII Working Paper 18-01

US Median Household Income Has Risen More Than You Think

After changing the price deflator from the consumer price index to the personal consumption expenditure index, and after adjusting for changing household size, trendline real median household income rose by 50 percent from the late 1960s to 2017, instead of just 21 percent as reported by Census.

EIIWP18-01