Birdwatch Note Rating
2023-07-27 22:33:58 UTC - HELPFUL
Rated by Participant: 14FC80A17E9ED0DA088A6E27841265BB60C72E0E31071ADA509D43D91897923D
Participant Details
Original Note:
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
All Note Details