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Originally Posted by Undertoad
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Stupid question, but are they showing the 2000 incomes in 2015 dollars?
If not, incomes have effectively dropped by 5%, 16%, 17%,16%, and 17% from top to bottom. All categories going negative, but the "least" negative on the poorest quintile.
I guess the question for that lowest quintile is, "how well were the poorest people in the country doing in 2000, " followed by, "are they able to survive while doing 5% worse"? Five percent of a millionaire's income doesn't affect whether they can afford food/shelter/medicine, five percent of a poor person's income probably does.
Losing 16% of effective income for the person making 40 grand is *definitely* hurting them.