Okay, math fans, here's a quick questions.
According to the Federal Reserve, reported by AP: after adjusting for inflation, the year 2004 had median American income increase but average American income decrease.
So if the income value that half the families are above or below increased, more people are earning more. And if the average income also decreased, then in general which group has the decreasing income?
Median net worth also rose in 2004.
Poor AP writer. He could have said, "After adjusting for inflation, the poorer half of America is earning more and saving more. Income decrease is falling disproportionally on the richer half." That would have made him and his story popular! Instead he gave us a math problem.
