What happens when you adjust median household income for the cost of living? In some ways, nothing. On the left, we have a bunch of wealth suburbs that remain as such after the change. On the right, we have a bit of reality, which the respective populations are likely already painfully aware of… But, here’s the numbers, just in case:
[Chart from The Council for Community and Economic Research]
Here’s Where Trusting S&P Would Really Come In Handy
In case you left the office on Friday for a weekend in the woods and...