Birdwatch Archive

Birdwatch Note

2023-07-27 21:57:19 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The series that the often cited $4887 figure is from excludes large amounts of low income earners https://www.irs.gov/pub/irs-soi/30soirepar.pdf Personal income per capita in 1930 was $621 whereas personal income per capita in 2022 was $65280. https://fred.stlouisfed.org/series/A792RC0A052NBEA Adjust for inflation that would by $10760 in 2022 https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=621&year1=193001&year2=202206

Written by 5CFD0D60204E2DD021A57138DDFEC0BAA960AE12D6995A101B3D21AA480A0289
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• noteId - 1684684417241931776
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• noteAuthorParticipantId - 5CFD0D60204E2DD021A57138DDFEC0BAA960AE12D6995A101B3D21AA480A0289 Participant Details
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• tweetId - 1684372674410151937
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• The series that the often cited $4887 figure is from excludes large amounts of low income earners https://www.irs.gov/pub/irs-soi/30soirepar.pdf Personal income per capita in 1930 was $621 whereas personal income per capita in 2022 was $65280. https://fred.stlouisfed.org/series/A792RC0A052NBEA Adjust for inflation that would by $10760 in 2022 https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=621&year1=193001&year2=202206