Question:
This question refers to data taken from the U.S. Census.¹
Last updated: 7/17/2022
This question refers to data taken from the U.S. Census.¹ The dollar values take into account the changes in the economy over the years (i.e., inflation). Inflation is a complicated issue, but for this question you do not need to worry about it. A typical high-income household in 1980 earned $125,556. A similar household in 2009 earned $180,001. The relative increase in income for these households from 1980 to 2009 was