The most depressing stats, by the way, were on the same page. One showed that at the 20th income percentile, inflation-adjusted income has risen 1 percent since 1993, while the cost of living rose 20 percent. I was irritated that the headline for this chart reads "Standard of Living for Low-Income Households is Not Rising." Not rising? That's like saying that Enron is failing to make a profit.
Nick Me: If _inflation-adjusted_ income has risen 1%, then the change in the cost of living (that is, inflation) then the standard of living has, in fact, probably risen something in the range of 1%. Inflation-adjusted _means_ taking into account changes in the cost of living. Gautam
