(FRED Median Income and BLS CPI) In 2006, the median househo…
(FRED Median Income and BLS CPI) In 2006, the median household income in the US was $48,200. Today the median household income is $80,610. If the CPI in 2006 was 201.8 and the CPI today is 315.605, calculate the inflation-adjusted median household income from 2006 in today’s dollars. Round your answers to the nearest cent. Has the real median household income increased, decreased, or stayed the same since 2006? Median Household Income2006 in today’s dollars = $ The real median household income has since 2006.