Inflation-Adjusted Household Income

A Inflation-Adjusted Household Income is a household income that is a real income.

• Context:
  • It can range from being an Average Real Household Income to being a Median Real Household Income.
  • …
• Example(s):
  • a U.S. Real Household Income, such as a U.S. 1980 Median Real Household Income (in 2012 CPI adjusted dollars)[1]
• Counter-Example(s):
  • a Nominal Household Income.
  • a Real National Income.
  • a Net National Product.
• See: Household Debt, Income Measure, Real Household Income Trend, CPI.

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References

• http://research.stlouisfed.org/fred2/series/MEHOINUSA672N

2014

• http://en.wikipedia.org/wiki/Household_income_in_the_United_States
  • Median inflation-adjusted ("real") household income generally increases and decreases with the business cycle, declining in each year during the periods 1979 through 1983, 1990 through 1993, 2000 through 2004 and 2008 through 2012, while rising in each of the intervening years. Extreme poverty in the United States, meaning households living on less than $2 per day before government benefits, more than doubled from 636,000 to 1.46 million households (including 2.8 million children) between 1996 and 2011.

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