Tumblr Icon RSS Icon

GDP Per Family Versus Median Family Income

By Matthew Yglesias  

"GDP Per Family Versus Median Family Income"


google plus icon

Lane Kenworthy, purveyor of the best policy-relevant charts on the internet but a disappointingly sporadic blogger, is doing a series of guest posts this week at Crooked Timber. I’m very much looking forward to it. His first post has this one:


Whether or not you see this as a problem per se, it’s important to keep these facts in mind when thinking about where the United States stands in the world. For a long time, median income pretty much tracked a measure of per family GDP, so you could rely on the GDP growth rate as a decent proxy for the well-being of the typical family. But since the mid-1980s that relationship hasn’t really stood up. Another country with a lower GDP but less inequality could still be a country in which most people are richer than most Americans, and I believe there’s pretty compelling evidence that that’s now the case in a number of European countries.


‹ Change on Cuba Policy

Conservative Anti-European Rhetoric Reflects Distinctive Southern Attitudes ›

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.