Report
Census Survey Wildly Overstates Household Income Gain
posted by Michael Lewis on September 14, 2016
Report Cover
Headline
Most front pages today trumpeted the news that median household income had risen a whopping +5.2% in real terms in 2015...In reality, the report is exceedingly thin. This income gain is clearly exaggerated.
Abstract
FMI’s commentary on the “good news” (or lack thereof) in this week’s 2015 Census Income & Poverty Survey.
About Michael Lewis
Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.
FMI has compiled a solid record of timely, independent and accurate economic forecasts. FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.
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