USA has lost its power? It looks like.
Comparison between 2008 and 2018.
2008 - median individual income 57,000$
2018 - median individual income 60,000$
For a 16% inflation between 2008 and 2018 we are makig the calculation:
60,000$ in 2018 minus 16% inflation values as musch as 51,000$ in 2008.
Basically the average US family has lost 20,000$ of its income in just a decade!!
https://www.statista.com/stati....stics/200838/median-
The rising cost of a car plays a big part, with a new vehicle costing approximately $32,544 in 2018, compared to $25,409 in 2008, per analysis cited by the Journal.
https://www.deptofnumbers.com/income/us/
