Before I address your statement, do you ever do any research before saying something that puts you in a situation of being proven wrong and ignorant?
AI Overview
When considering inflation, the lower 20% of the income population is generally not considered to be doing significantly better than in 1980, with many studies indicating that real wages for low-income earners have largely stagnated or even declined over the past few decades, leading to a widening income inequality gap; while recent years have seen some faster wage growth for low-wage workers, it has not fully compensated for past stagnation.
When adjusted for inflation, the middle class in the United States is generally considered to be doing somewhat better than in 1980, with real median incomes increasing by between 5% and 30% depending on the analysis, though the rate of increase has been slower compared to higher income brackets; however, the relative purchasing power of middle-class income compared to housing costs has significantly decreased over the same period.
According to data from the US Bureau of Labor Statistics, the income of the top 2% in the United States has grown significantly more than inflation over the past 50 years, with estimates suggesting an increase of over 300% when adjusted for inflation, meaning their real purchasing power has substantially increased.
