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johngarrison
on Aug 20, 2017
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The rich are hoarding economic growth
Not if inflation is 3-4% per year.
sokoloff
on Aug 20, 2017
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Real income growth is, by definition, after accounting for inflation.
The opposing term is "nominal income growth" which does not account for inflation.
WaxProlix
on Aug 20, 2017
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He said 'real' income growth, which I take to mean adjusted for inflation and maybe also various cost of living increases/decreases.
kevinnk
on Aug 20, 2017
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"Real income growth" is the growth in income post inflation.
Sophistifunk
on Aug 21, 2017
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And even less so if "inflation" has been redefined specifically to be lower, in order to reduce the amount of real money that needs to go into social security.
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