Why "x% of people have y% of the wealth" is irrelevant.

[claudenm]

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US standard of living peaked around 1970, haven't read rest of this thread.

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Yep, computers never happened.

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So you deny the US standard of living has been dropping for 35 years?

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Yes, it may be the most ridiculously absurd thing I've ever read on these forums.

http://en.wikipedia.org/wiki/Image:H...e_65_to_05.png

And that is completely ignoring technological advances. Personaly computers make my standard of living way higher even if I actually had a lower income.

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I'm not saying I agree with the OP in that quote, but that chart is really useless in a vacuum as it does not take into a count the increased cost of goods that aren't calculated in the core CPI, nor does it take into account the increase cost of energy. So while actually dollars may have increased, I'm nearly positive buying power has not.